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UniSuper faces fresh greenwashing allegation
Financial Standard
|March 09, 2026
The Environmental Defenders Office (EDO) claims changes the super fund made to its Global Environmental Opportunities (GEO) option last year have resulted in members being misled.
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The Environmental Defenders Office has made a formal complaint to ASIC on behalf of a UniSuper member, claiming the investment criteria of the GEO option was watered down significantly in March 2025, enabling greater investment in companies that do not align with its 'sustainable' label.
Effective 28 March 2025, thresholds for companies to qualify for inclusion in the GEO strategy were lowered to broaden the investment universe and mitigate some of the extreme volatility the option had seen due to its concentrated nature.
Cette histoire est tirée de l'édition March 09, 2026 de Financial Standard.
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