Super funds target fast food giants over antibiotic use

Australia’s $3.6 trillion superannuation sector has opened a new ESG front by demanding global multinationals such as McDonald’s provide detailed information about their use of antibiotics.

Debby Blakey, chief executive of the $83 billion–plus superannuation fund for health workers, HESTA, revealed allocation of capital was increasingly being assessed using a health lens as part of the fund’s ESG thinking.