Super Funds Respond to Members’ Calls to Dump Coal

Published on May 5, 2024

Some of the nation’s largest superannuation firms are dumping thermal coal from their retirement savings in response to calls by their members. The Australian Retirement Trust (ART), which looks after more than $280 billion (US$185 billion) worth of savings, has become the nation’s largest super fund to exclude thermal coal. As a global investor, the fund says it is committed to achieving a net-zero greenhouse gas emissions investment portfolio by 2050. Accordingly, there will be no direct investment from July 1 in companies that generate more than 10 percent gross revenue from the mining of thermal coal and its sale to third parties, the fund told AAP....

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