Poor performance, greenwashing scandals and political backlash in the US appear to have dented ESG fervour among investors globally.
There was a piercing local blow when Mercer Super was forced to apologise for falsely claiming its “Sustainable Plus” options excluded investments in companies involved in the production or sale of alcohol, gambling and fossil fuels.
Joanna MatherWealth editorJoanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
