Super funds back away from 'responsible investing' as greenwashing fears grow

Under pressure from super funds fearful of regulatory sanctions for greenwashing, Australia’s responsible investment market is shrinking. The 22nd annual Responsible Investment Benchmark Report, published on September 17, found the proportion of total managed funds that are dedicated to responsible investment shrunk by 16% last year, to A$1.3 trillion (US$830 billion) out of total managed funds of A$3.3 trillion (US$2.2 trillion). The report, produced by the Responsible Investme…