A beefed-up lawsuit against $50 billion superannuation fund REST alleges the fund's trustees breached their duties by failing to factor climate change into investment decisions.
But REST will strongly defend the claim, saying climate change forms part of all operational and investment risk assessments.
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Joanna 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
