Business News - Results from #1512

Thu Nov 12

An Australian man successfully sued his super fund over climate risk. Here's what that means for your nest egg

Written by: Anita Foerster, Senior Lecturer, Monash University

Shutterstock

The A$57 billion Rest super fund last week pledged to overhaul the way it manages climate risk, following a lawsuit by a 25-year-old member. The concession raises the bar for the way Australian superannuation funds respond to climate change.

The fact that Rest agreed to settle the case before a trial is significant. It indicates that...

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