CareSuper 'working' on net zero commitment

22 July 2021
| By Chris Dastoor |
image
image
expand image

Touting itself as a certified carbon neutral fund, CareSuper has been pressed on its commitment to net zero emissions, which the fund says it is ‘working’ on.

Speaking at the Australian Council of Superannuation Investors (ACSI) conference, Julie Lander, CareSuper chief executive, said: “Let’s just say we’re working on it very, very fast and I’m sure you’ll hear something soon.

“But another thing CareSuper did was get carbon neutral accreditation through the Government’s Climate Active initiative.

“We wanted our commitment to be just not about investments – which is hugely important – but to emphasise to our members as an organisation we are committed to being carbon neutral in an operational sense.

“We’ve had that for three years and were one of the first funds to do that, which was a significant commitment we made.”

When asked whether her members understood the difference between divestment versus engagement, Lander said the fund had to explain the nuances of the process.

“The challenge is as investors, we want to transform investments at a faster pace than reality,” Lander said.

“Therefore, sometimes we have to be patient and educate our members that it’s not just a line in the sand.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 1 hour ago