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Your money, their rules. Super funds support Israel war machine
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š™ˆš™žš™– quokk.au Quokka@quokk.au
Joined: 2025-06-09
(edited) Quote

An MWM investigation has confirmed that just two of Australia’s 20 industry super funds are making modest changes to their investment portfolios. The other 18 remain invested in Israel’s war machine, with Australian Super alone funding corporations like Elbit Systems (drones), ICL Group (white phosphorus) and Palantir (AI/software for weapons systems).

This, even as the IDF is again using the banned white phosphorus in Lebanon, in which Australian super is invested.

The two funds which did divest – Vision Super and HESTA – still have some money tied up in Israeli projects in Gaza and the West Bank. ā€œHESTA and Vision divested from Israeli banks (but) they still have money in companies listed on a UN database as operating from Israel’s illegal settlementsā€, Molly Coburn from the Australia Palestine Advocacy Network (APAN) told MWM.

More reason to be happy wit HESTA

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