Superannuation funds as an agent for addressing climate change in Australia

the power of an emerging actor in polycentric governance

Vij Nagarajan, Anne Wardrop

Research output: Chapter in Book/Report/Conference proceedingChapter


Our corporate law while supporting the norm of shareholder primacy, dismisses climate change as an externality and ignores the immense efforts by stakeholders who work to civilise it. Australian superannuation funds which hold forty percent of shares in the nation’s listed companies are one such stakeholder, that have the potential to nudge companies towards sustainable practices. While many of these funds have taken a stance on climate change, some are actively regulating the companies in which they invest and a very few are working with others to create new norms that acknowledges and addresses climate related risk. Their response offers a modicum of hope for how we can reimagine corporations and corporate regulation that acknowledges the risks posed by climate change, moving beyond national boundaries, to experiment with finding solutions to the biggest challenge our planet has faced.
Original languageEnglish
Title of host publicationInnovating business for sustainability
EditorsBeate Sjåfjell, Carol Liao, Aikaterini Argrou
PublisherRoutledge, Taylor and Francis Group
Number of pages16
Publication statusAccepted/In press - Dec 2020


  • corporations
  • superannuation funds
  • climate change

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