Business
Climate lawyer who sued super fund sets sights on federal government over bond risks – Sydney Morning Herald
The lawsuit against a major super fund was settled this week in what could be a turning point for the retirement industry and the government.
“We’re in it to win,” he said. “Its not difficult to imagine that the more debt Australia has, the more sensitive bondholders may become to risks such as climate change.”
As part of the settlement with Rest, the fund made a public statement on climate risk that Mr Barnden described as a victory for his client.
“Climate change is a material, direct and current financial risk to the superannuation fund across many risk categories, including investment, market, reputational, strategic, governance and…
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