Industry superannuation fund defends approach, saying engaging with companies changes their behaviour, as members urge it to ‘stop investing in climate catastrophe’
Members of $68bn industry super fund Hesta have put their names to a full-page newspaper ad calling on people to join them in leaving the fund over its continued investment in fossil fuel companies.
In addition to 130 individuals who have pledged to leave Hesta, the Australian arm of Amnesty International says it is considering ditching the fund as its default option for its 75 employees unless the fund divests from fossil fuel.
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