Invest for climate or face consequences, lawyers tell super funds
Invest for climate or face consequences, lawyers tell super funds 22 April 2021 Super trustees are already legally obliged to clamp down on the financial risks posed by climate change in their portfolios and to dump vulnerable investments, two barristers have ruled. The legal opinion from Noel Hutley and James Mack, commissioned by climate activist group Market Forces, has built on the lawyers’ previous take on the Rest case in recent years, where a member sued the retail industry super fund for failing to consider climate change in its investments. Super trustees ar...