$23b Spirit Super to lean in on ESG investing

Industry super funds MTAA Super and Tasplan will rebrand as Spirit Super after completing their merger in April, creating a $23 billion institutional investor ambitious to deploy its newfound heft to sustainable investments in infrastructure and property.

The merger, initially scheduled to complete in October last year but held up by the government's contentious superannuation early-release scheme, will form a new player in the $760 billion, union-linked industry funds sector.