Australia's Top Super Funds Back 2030 Emissions Goal, Strategies Unclear
Superannuation funds, or 'supers', are crucial players in Australia's energy transition, managing over A$3.5 trillion in assets. Most have aligned with the government's 2030 emissions reduction vision, with 10 funds recognised as 'responsible' by the Responsible Investment Association Australasia.
Australia's Climate Change Bill, introduced by Prime Minister Anthony Albanese in August 2022, sets a target of 43% emissions reduction by 2030. John Pearce, chief investment officer at UniSuper, confirms this goal. However, the exact strategies of the 10 responsible funds in relation to this target remain unclear, as the RIAA does not explicitly list them or detail their investment strategies in the context of Australia's 2030 climate strategy.
While most Australian super funds support the government's 2030 emissions reduction vision, the specific strategies of the 10 responsible funds remain unknown. Further transparency is needed to understand how these funds contribute to Australia's climate goals.
