Noosa News
Rest super fund commits to net-zero emission investments after Brisbane man sues
A 25-year-old man from Brisbane has successfully sued one of Australia’s biggest super funds over its handling of climate change, forcing it to commit to net-zero emissions for its investments by 2050.
Key points:
- Mark McVeigh sued Rest in 2018 for failing to provide details on how it will minimise the risk of climate change
- Mr McVeigh’s lawyer says the case sets an important precedent
- It’s the first time a superannuation fund has been sued for failing to consider climate change
In 2018, Mark McVeigh sued Rest, his superannuation fund, in the Federal Court after it failed to provide him with information on how it was managing the risks of climate change.
Mr McVeigh alleged Rest had breached the Superannuation Industry Act and the Corporations…
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