Australia’s super funds manage trillions of dollars giving them tremendous power to rapidly drive forward the climate transition at the pace and scale required. The future we fund is the future we create.
Australian Retirement Trust (ART, a merger of QSuper and SunSuper) is one of the largest funds in Australia with shares in the biggest fossil fuel polluters. As owners of these companies, ART has the power to influence the make-up of company boards and corporate strategy. ART could use their voting power to force the companies they invest in to move away from coal, oil and gas.
ART has a net zero by 2050 target but no clear plan to reach this critical goal. It’s time for ART to show us its plan for real climate action. As a member of ART, you have the power to push the fund to set strong climate targets and use its superpowers for a future powered by the wind and sun.
As members of the Australian Retirement Trust we call on our superannuation fund to show integrity in becoming the climate leader it claims to be.
The Australian Retirement Trust should:
Members speaking up puts real pressure on ART to clean up its investments. We've seen this working in recent years with companies like AGL and BHP announcing real plans to cut their emissions in response to pressure from retirement funds.