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AAP
AAP
Business
Adrian Black

UNBELIEVABLE: Super funds lagging on direct renewables investment - Caught on Camera

Canadian pension groups invest more in Australian renewable projects than the top local super funds. (Mick Tsikas/AAP PHOTOS)

Australia's superannuation industry is underinvested when it comes to the nation's renewable energy transition, an environmental advocacy group claims.

The 30 largest super funds directly contributed $771 million of the $99 billion invested in Australian clean energy projects since 2020, roughly 0.03 per cent of the $2.5 trillion in retirement savings managed by those funds, a Market Forces report shows.

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