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AustralianSuper ESG option invested in nuclear weapons: report

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Australia’s 14 biggest superannuation funds are investing about $3.4 billion of workers’ retirement savings in nuclear weapons despite many promising to avoid controversial arms, new research shows.

Industry fund gorilla AustralianSuper alone had $1.5 billion in nuclear weapons companies, while UniSuper, Aware Super and HESTA invested more than $200 million each.

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Hannah Wootton is a reporter for the Financial Review. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/wealth/superannuation/australiansuper-esg-option-invested-in-nuclear-weapons-report-20240926-p5kdpp