Imag_June_2011_

June 2011

Cover Story

ESG inaction: Who voted in Australia’s first climate-change resolution, and why

Australia’s first -ever shareholder vote on climat e change, put to Woodsi de Petroleum in April, provided superannuation funds with a prime opportunity to support the sustainability principles that many of them have espoused for years. But at this first hurdle, many crashed and burned, prompting the question: how seriously are funds pursuing sustainability through their investments? PHILIPPA YELLAND reports.

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