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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