| The Guardians of New Zealand Superannuation (the Guardians) have announced that the New Zealand Superannuation Fund (NZ Super Fund) – a sovereign wealth fund (SWF) worth NZ$30 billion (US$21.6 billion) in AUM – is to feature climate change strategy as a main focus of its portfolio.
Adrian Orr, the fund’s CEO, comments that the strategy represents a significant and fundamental shift for the NZ Super Fund. “Climate change was a material investment issue in terms of risk for long-term investors. In the coming years, the global energy system will transition away from fossil fuels, and some assets we invest in today may become uneconomic, made obsolete or face a dwindling market,” he says..........................................Full Article: Source
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