| Good morning, Cbus may water down its climate targets and shift how it engages with companies on sustainability due to the anti-ESG movement, the super fund has warned. The construction industry super fund, which endured a torrid 2024 marred by allegations of governance and administrative failures, is “watching closely” the retreat from climate pledges by US corporates, with the push against ‘‘woke’’ capitalism in turn potentially leading to the fund revisiting its own climate targets and objectives. Elsewhere, the corporate regulator is “provoking discussions” with investors and lenders as it weighs up intervention in the growing private markets and private lending landscape, which some money managers have likened to the “wild west”. And China’s answer to ChatGPT has plenty to say about Australia – labelling its human rights record a “mixed picture” and the national holiday “deeply divisive”. But it draws blanks when asked about the Tiananmen Square massacre in 1989, Xi Jinping, the Cultural Revolution or China’s own record on human rights. | 