Coal is back in AustralianSuper’s portfolio. What happened to that net zero pledge?

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In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investor

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Almost six years ago, the country’s biggest superannuation fund announced a major policy update: AustralianSuper’s investment portfolio would be subject to a net zero carbon emissions target in line with the Paris agreement.

To make the point, the fund dumped its holdings in the large thermal and metallurgical coalminer Whitehaven Coal.
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Coal is back in AustralianSuper’s portfolio. What happened to that net zero pledge?

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