UniSuper accused of greenwashing after reducing environmental element of investment option
by Petra Stock from on (#73PRN)
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 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".
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