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Australian superfunds hit by human rights complaints

AustralianSuper under climate pressure over Vanguard fund investment

AUD244 billion ($173 billion) pension fund AustralianSuper is facing pressure over the climate risk it is exposed to through the AUD1.4 billion held in Vanguard index funds.

$42bn Australian pension fund settles climate court case

The AUD60 billion ($42 billion) Retail Employees Superannuation Trust (REST) pension fund has settled a court case brought against it by a member over its handling of climate change risk, which could spark further legal climate challenges at pension fund managers.

Australia sued for not incorporating climate risk into sovereigns

In a global first, a lawsuit has been filed accusing Australia's federal authorities of breaching their duty of disclosure, and misleading and deceiving investors, by failing to disclose climate risk when issuing sovereign bonds.