Aware Super defends policy of engagement to reduce emissions

Despite having achieved significant emissions reductions by divesting from polluting companies, Aware Super has defended a policy of engagement whereby it works with companies that represent a greater ESG risk. “Divestment is always the last resort for us. We don’t make decisions to divest from businesses or sectors lightly,” Liza McDonald, head of responsible investments for Aware Super told AsianInvestor. In November 2020, a shift to passive equity benchmarks that exclude or u…