The Australia Institute and Quit Nukes looked at the holdings of Australia’s 14 biggest public superfunds, and found that 13 of those invest their members’ money in nuclear weapons.
This might seem strange, especially if your superfund says things like, “we believe in building a sustainable future,” or “we do what’s right with your money”.
Some funds do exclude so-called “controversial weapons”, at least from their “ethical options”. But their definition of “controversial weapon” includes for instance chemical or biological weapons, but not nuclear weapons.
In 2021, Quit Nukes and the Australia Institute analysed the investment portfolios of Australia’s largest superfunds and found that most of them invested their members’ money in companies involved in nuclear weapon production and development, such as Airbus, Honeywell or Thales.
So, how are superfunds tracking?
Well…as of December 2023, all of those funds, at the exception of HostPlus, continued to invest in nuclear weapons companies. This adds up to $3.4 billion dollars’ worth of your money invested in nuclear weapons companies.
At the top of the list, Australian Super, who claims to be “Australia’s most trusted fund” and to be “working hard for your future”, invests almost $1.5 billion of Australians’ money in nuclear weapon companies.






