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

<p>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</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>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.</p><p>To make the point, the fund dumped its holdings in the large thermal and metallurgical coalminer Whitehaven Coal.</p> <a href="https://www.theguardian.com/australia-news/2026/jul/06/australiansuper-coal-investment-superannuation-net-zero-pledge-climate">Continue reading...</a>