Australian super funds vote down climate proposals
Hostplus, TelstraSuper, and Commonwealth Bank Group Super blocked more than
70% of climate-change-related shareholder proposals in 2022.
Three of Australia’s leading super funds have defended their engagement on environmental issues following research revealing that they opposed more than 70% of shareholder climate proposals in 2022.
Despite all having committed to being net zero by 2050, Hostplus, TelstraSuper, and Commonwealth Bank Group Super voted against more climate proposals at annual general meetings of companies they owned, than any of Australia’s 30 largest super funds, according to research by Market For…
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