Australian super fund REST settles climate risk litigation, setting possible global precedent
A$57bn (€34.4bn) fund agrees 11th-hour settlement following more than two years of legal proceedings
Australian retail sector superannuation fund REST has agreed to settle the pioneering climate litigation case brought against it by 25-year-old member Mark McVeigh in 2018, which alleged that the fund was not properly considering climate risks.
Legal experts believe it could have…
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