Our commitment to addressing climate change is part of how we do well for you and good for all.

We launched our Climate Change Portfolio Transition Plan (Transition Plan) last year. The Transition Plan is a framework of recommendations and targets that we will focus our efforts on over the short, medium and long-term to achieve net zero emissions by 2050.

Here we outline the major achievements we’ve made over the past 12 months and how we are tracking against the ambitious goals we set  in our CCPTP to ensure we continue to provide our members with strong, sustainable long-term returns now and for decades to come.

 

One year on report

Aware Super has committed to achieving net zero in our investment portfolio by 2050.

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Significant progress has been made in line the aims and goals of the Transition Plan this year.

"Sometimes our members ask us how we’re living up to our promise of being a top-performing fund when we make investment decisions which also have climate change at their heart. Some may even think that top investment performance isn’t compatible with investing in ways that address climate change."

"At Aware Super we believe the opposite is true. Climate change is a significant risk to our investment portfolio, so managing climate risk is one of the ways we put members first. Therefore, to deliver long-term sustainable returns to our members, we actively address climate change.”

 

- Liza McDonald, Head of Responsible Investment

 

Our three-part plan

The table below shows some of the high-level achievements we have made in line with our CCPTP.

 

1. Low carbon investment

Reducing carbon emissions by setting reduction targets and investing in renewable energy.

Top aims Top achievements
  • 30% reduction in emissions from our listed equities portfolio by 2023
 
  • Annual targets for investment in low-carbon technologies  
  • Achieved an emissions intensity reduction of 45% across our share portfolios as at 30 June 2021, exceeding our goal
 
  • Invested over $1billion in renewables and low-carbon technologies in our Infrastructure and Private Equities portfolio

2. Future proofing

Assessing and making changes to the portfolio to take into consideration the physical risks of climate change as well as the transitions risks and opportunities that will inevitably arise as the economy decarbonises. 

Top aim Top achievement
  • Divestment from thermal coal
  • We have divested from thermal coal mining companies

3. Engagement with companies and partners

Actively working with companies and fund managers to help them strengthen efforts to reduce the risks of climate change.

Top aim Top achievement
  • Actively engage with fund managers and companies we are invested in to set emission reduction targets
  • We used our ownership rights to get a voluntary commitment from some of the world’s highest emitters to create and put to shareholders a low carbon transition strategy

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