And the doomers thought this would never happen! Now that AMP is jumping on board, I wonder if my old super firm, MLC, will follow? Too late for them though. I’m moving our family’s super and life insurance across to Australian Ethical.
As the SMH says:
The changes will see 56 companies ruled out of bounds for the funds, and see the affected industries grouped with pornographers, weapons manufacturers, gaming companies, uranium miners, and producers of alcohol and tobacco.
It’s not perfect, as there are some fossil fuel companies that are exempt from the ban. But it’s a good first start.