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Big super’s obsession with data centres comes with an energy warning

AustralianSuper poured $2.2 billion into a US data centre company this week, but ESG experts warn the energy-hungry assets could compromise net zero targets.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Ethical investor groups have warned that Australian superannuation giants chasing riches in the fast-growing but massively energy-hungry data centre industry could be putting their net zero emissions obligations at risk. Data centres might offer enviable returns, but they are among the most energy-intensive of all assets, potentially delaying funds’ own transition strategies and raising the spectre of greenwashing.

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