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The Guardian - AU
The Guardian - AU
Environment
Petra Stock

UniSuper accused of greenwashing after reducing environmental element of investment option

UniSuper John Dixon ASIC
UniSuper building in Melbourne
UniSuper continued to badge an investment option as ‘sustainable’ despite halving its environmental criteria. Photograph: JHVEPhoto/Alamy

A major Australian super fund has been accused of greenwashing after it continued to badge an investment option as “sustainable” despite halving its environmental criteria.

UniSuper, which invests $158bn on behalf of 670,000 members, promotes its Global Environmental Opportunities option as a portfolio “selected on the basis of environmental considerations”.

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