NGS invests in green fund

19 September 2019
| By Jassmyn |
image
image
expand image

NGS Super has invested in AllianceBernstein’s green strategy fund to reduce the carbon intensity and risk of its portfolio.

The superannuation fund said it invested about $170 million into the AB Managed Volatility Equities – Green Strategy’s (Green MVE) to achieve a positive impact on climate change while delivering attractive investment returns.

NGS Super chief executive, Laura Wright, said: “We’re committed to sustainable long-term investment options that work to give our members the best retirement outcomes and this strategy speaks directly to that goal.

“Our investment in Green MVE is a way for us to reduce the carbon intensity and risk of our portfolio without impacting the expected returns of our members.

“Overall, we believe considering a cost of carbon in the investment process helps reduce the risks associated with climate change and supports in the broader transition to a low carbon economy.”

Wright noted that AllianceBerstein was directly engaging with companies to drive innovative change to better climate outcomes and to provide a deeper analysis of climate related risks.

AllianceBernstein’s chief investment officer for Australian equities, Roy Maslen, said the fund was a way for investors to invest in a more responsible way without risking their ability to gain returns.

“We want to shift the perception and show investors that they can still achieve significant investment performance while working to lower the carbon footprint in their portfolios,” he said.

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. ...

10 months 2 weeks ago
Kevin Gorman

Super director remuneration ...

10 months 3 weeks 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 ...

10 months 3 weeks ago

The fund’s inaugural chief retirement officer is looking to establish a new venture. ...

4 hours 42 minutes ago

The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update....

22 hours 46 minutes ago

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....

23 hours 50 minutes ago