The A$43 billion superannuation, one of Australia’s oldest, aims to reduce direct emissions in its portfolio by 45% in the next nine years.
Australian super funds point to scarcity of short-term emissions reduction targets.
Inflation is here to stay, but how long is the question investors struggle to answer. In the meantime, super funds Cbus and UniSuper have adjusted their portfolio accordingly.
Australia's second largest superannuation fund cites hedge funds, the lack of diversity in the workforce, and third party reporting as challenges that are holding back ESG progress.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.