UniSuper says change was made ‘to expand the investible universe’ but complaint to Asic claims members were not properly informed
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A major Australian super fund has been accused of greenwashing after it continued to badge an investment option as “sustainable” despite quietly halving its environmental criteria.
UniSuper, which invests $158bn on behalf of 670,000 members, promotes its Global Environmental Opportunities option as a portfolio “selected on the basis of environmental considerations”.