Thousands of GESB & UniSuper fund members are investing in ExxonMobil, an oil company with a long history of controversy in a range of areas. The company is in the Top 10 International Holdings of GESB Super’s ‘Balanced Conservative’ and ‘Growth’ plans (as at 31/03/11), and also UniSuper’s top 10 listed international shareholdings (most recent information available, listed at […]
Read MoreBarrick Gold sparks GESB Super controversy
Barrick Gold, acknowledged as one of the world’s most unethical companies, is in the Top 10 International Holdings of GESB Super’s ‘Balanced Conservative’ and ‘Growth’ plans (as at 31/03/11). Barrick is the largest gold miner in the world, and has been the subject of many documented studies of human rights abuses and environmental devastation globally, […]
Read MoreAre casinos worth a punt?
Nice article by Morningstar (Jeffrey Hutton) about whether to invest in casinos. Nice that is, if you have no ethics and don’t take into account the social problems created by problem gambling…not one mention in the article about whether investors should choose to profit from the misfortune of others. See the article: http://www.morningstar.com.au/stocks.mvc/article/are-casinos-worth-a-punt/3549/1 John Brett of […]
Read MoreUp to 1.4m Aussies invest in the world’s most unethical company via Australian Super
Australian Super has disclosed that it has a substantial investment in Monsanto Co, multinational agricultural biotechnology corporation recently voted the most unethical company in the world. Monsanto, a former manufacturer of Agent Orange, produces genetically modified crops, bovine growth hormone, and herbicides, and is accused of countless bribery and corruption incidents. The superannuation (pension) fund Australian Super invests […]
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