POWERED BY MOMENTUM MEDIA
UNSW to divest from fossil fuels
University of New South Wales (UNSW) Sydney has indicated its responsible investment intent by moving away from investment in fossil fuels.
The organisation will divest from direct ownership and any co-mingled funds that include equities and corporate bonds of companies who own or exploit fossil fuel reserves by 2025.
President and Vice-Chancellor Professor Ian Jacobs said there had been a ‘clear expectation’ from the UNSW community that it focused on climate change.
“Our divestment decision is a clear statement of UNSW’s responsible investment intent and the continuation of our long and impressive journey on climate action – it is worth remembering that more than 30 years ago, the solar cell technology which powers 50% of solar panels around the world was developed right here at UNSW.”
Other climate action initiatives from the University included its leadership of the ARC Centre for Climate Extremes which was working on making the Sydney campus powered by emission-free energy in the near future.
“The University’s environmental sustainability initiatives extend to the design of all new buildings at UNSW, energy, water and waste management on campus, and working to eliminate single-use plastics in food service,” Professor Jacobs said.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
