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Thursday, 8 September 2022

Aware Super has welcomed the passage of the Australian Government's Climate Change Bill 2022 through Parliament, enshrining the nation's carbon emissions reduction targets in legislation.

The fund’s Chief Executive Officer, Deanne Stewart, described today's milestone as a vital step forward in a more ambitious agenda.

”We believe climate risk is the single greatest investment risk in our portfolio today,” said Ms Stewart.

”Institutional investors the world over recognise the magnitude of the threat posed by human-induced global heating. We congratulate the Commonwealth Government on achieving today's milestone, which represents a critical step forward in strengthening Australia's response to the threat of climate change.

”Through our Climate Change Portfolio Transition Plan, Aware Super has set emissions reduction targets to help us achieve net zero emissions in our portfolio by 2050. To date, we have already reduced emissions in our listed portfolio by 45 per cent. In addition, our Private Equity and Infrastructure managers have committed around $1 billion to investments in renewables and low-carbon technologies.

”Enshrining Australia's emissions reduction targets in legislation provides all superannuation funds greater certainty in the medium term to help guide investment decisions on behalf of our members. This will be particularly important as new investment opportunities emerge through the process of transitioning the domestic energy market in the years ahead." 

For media enquiries, contact:

Peter Taylor, External Communications Specialist

t:  0487104313


Note to Editors

Previously known as First State Super, we changed our name to Aware Super in September 2020.

Aware Super is a name that reflects our members and what we stand for. It echoes the strengths of our past, aligning to our purpose to be a force for good in superannuation, retirement, and advice, driving better outcomes for our members, their families, and communities. 

Aware Super has been the fund for people who value community since 1992, and we’re now one of Australia’s largest funds and continuing to grow. We merged with VicSuper and WA Super in 2020 and now manage $155 billion in savings for more than 1 million members located across the country.

Our members work in roles that breathe life into their communities and they expect us to do the same. So, we invest in assets that we believe will make a positive difference today – improving our communities, building a more a sustainable economy and supporting employment both locally and globally at the same time as providing strong long-term returns. 

Discover how we’re helping members do well financially while doing good in the world: Visit