To evaluate the risks and challenges of climate change, we work with several climate-related organisations when creating our investment strategy.
Here are some of the climate change initiatives we’re involved in.
Through our membership of the Australian Council of Superannuation Investors (ACSI),we engage with companies to ensure they are addressing climate risk sufficiently. By working collectively with like-minded investors, we can have a greater influence on how companies manage climate change issues.
ACSI also works with and on behalf of its members to develop long-term public policy certainty around climate change. This includes collaborating with groups like the Investor Group on Climate Change (IGCC), who focus on improving government policies and investment practises for the benefit of super fund members.
United Nations Principles for Responsible Investment (UNPRI)
We are a signatory to the United Nations Principles for Responsible Investment (UNPRI)’s six aspirational principles designed to encourage and assist investors to integrate ESG factors into their investment processes.
Task Force on Climate-related Financial Disclosures
We’re committed to the Task Force on Climate-related Financial Disclosures (TCFD) aligned disclosure framework. The taskforce develops voluntary, consistent climate-related financial risk disclosures that companies can use when providing climate-related information to members, investors, lenders, insurers, and other stakeholders.
This framework helps us mitigate climate risks across our portfolio. We expect to release our first TCFD report over 2020.
In May 2019, we became a signatory to the Climate Action 100+ initiative (CA100+). CA100+ is an investor initiative that seeks to ensure that the world’s largest corporate greenhouse gas emitters take necessary action on climate change. The companies include 100 ‘systemically important emitters’, accounting for two-thirds of annual global industrial emissions, alongside more than 60 others with significant opportunity to drive the clean energy transition.