A large Australian superannuation fund has settled a court case with a 25-year-old member who accused the organisation of failing to properly consider the risks climate change poses to investments. The settlement between the Retail Employees Superannuation Trust and the member, requires the fund to ensure its actions are consistent with 'net-zero carbon footprint' by 2050. In a statement, the fund has now committed to disclose its full portfolio holdings, conduct climate scenario analysis and advocate for the companies it invests in to comply with...

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