Cbus reviews investments after union pressure to ‘urgently divest’ from firms supplying arms to Israel

‘We’ve told Cbus in no uncertain terms it must urgently divest of all shares in companies like Lockheed Martin and Raytheon/RTX,’ CFMEU national secretary, Zach Smith, said. Photograph: Mick Tsikas/AAP

One of Australia’s largest super funds, Cbus, will review its investment policy after the construction union urged it to divest from companies supplying Israel with weapons and military technology.

Guardian Australia can reveal that the fund’s investment committee will meet next week to consider the concerns raised by the CFMEU, which is one of the sponsors of Cbus and appoints a minority of the directors on its board.