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Australia’s most powerful super funds appear to be laying the groundwork to potentially walk back their climate targets amid a growing political and corporate backlash against ESG.

Meanwhile, representatives from the Self Managed Superannuation Fund Association will be in Canberra next week to lobby against the federal government’s plan to lift the tax on super funds worth more than $3m.

And the Australian Food and Grocery Council, the nation’s peak body representing supermarket suppliers, has removed its chief executive Tanya Barden with immediate effect.