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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

NZ Super Fund to implement climate change strategy

Posted on 20 October 2016

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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