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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Future Fund declines to reveal climate risk plans

Posted on 19 October 2012

Australia’s sovereign wealth fund, the Future Fund, has snubbed a request to reveal how it plans to manage climate change risks, declaring ‘‘resource constraints’’ prevented its involvement, according to an advocacy group.
John Hewson, chair of the Asset Owners Disclosure Project (AODP), said the $77 billion fund needed to disclose its plans for dealing with future challenges posed by global warming. ‘‘It is quite extraordinary that Australia’s largest fund which will have to supply pension liabilities over the long-term has decided not to come clean over its climate position,” Dr Hewson, the former Liberal leader, said in a statement………………………………………..Full Article: Source


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