Monday 11 September 2023

AustralianSuper helped Woodside stop investor protest vote over climate policies, analysis shows

Activist group Market Forces says Australia’s biggest super fund ‘signalled tacit approval’ of oil and gas giant’s expansion policy

Australia’s biggest superannuation fund helped Woodside Energy fend off a shareholder revolt over its climate policies, nullifying concerns raised by global investors, according to new analysis.

Activist group Market Forces said AustralianSuper recently voted for the re-election of Ian Macfarlane, a senior Woodside director and longtime sustainability committee member at the oil and gas giant.

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