Cbus Super wins IGCC Climate Award
Cbus Super is proud to be awarded Outstanding Initiative by an Asset Owner at the Investor Group Climate Change (IGCC) Climate Awards.
Cbus has been recognised by the IGCC for our innovative in-house modelling to support the Fund’s climate commitments.
The purpose of this work by Cbus is to:
- Reduce emissions in the Cbus portfolio by 45% by 2030 with the ultimate objective of achieving net zero emissions by 2050;
- Protect and enhance members’ retirement savings while reducing absolute carbon emissions in the real world; and
- Identify opportunities for investment in the new energy economy.
Kristian Fok, Cbus Chief Investment Officer said, “We thank the IGCC for recognition of this in-house initiative to meet the Fund’s climate commitments. This work has enabled Cbus to take ownership of the climate transformation required across our portfolio. This includes tracking progress against our targets, identifying key assets, sectors or investments at risk of not transitioning and identifying investment opportunities that could benefit from a new energy economy.”
“The work provides a forward-looking trajectory of how our emissions should move each year, giving us the ability to identify and adjust when progress is insufficient.”
“It’s tremendous recognition for our Investment team. Cbus chose to undertake this work internally, and it has rapidly accelerated our in-house capabilities. It highlights the importance of building internal capability and expertise so that climate change becomes an integrated part of the investment decision- making process. It gives us flexibility to respond to the speed and quantum of technology and policy development, both of which continue to evolve and are key drivers of the transition to a low carbon economy.”
“And it’s recognition of the benefits of this work for our members. More informed investment decisions lead to stronger returns and protect members against the holding of assets that are at risk of declining in value.”
Find out more about Cbus Super’s responsible investment policy.
Media enquiries: Tristan Douglas, Strategic Media Manager, 0417 736 434 or firstname.lastname@example.org
This information is about Cbus and doesn’t take into account your specific needs. You should look at your own financial position, objectives and requirements before making any financial decisions. Refer to Cbus Product Disclosure Statement, Target Market Determination and Financial Services Guide for more information. Call 1300 361 784 or visit cbussuper.com.au for a copy.
Cbus is the leading Industry Super Fund for those who help make and maintain Australia. As one of Australia’s largest super funds, we provide superannuation and income stream accounts to more than 778,000 members and we manage over $68 billion of our members’ money (as at 31 December 2021). Our members include workers and retirees, their families and employers. As of April 2022, Media Super is now a division of Cbus, offering Media Super products. For more than 30 years Media Super has been the
industry super fund for Print, Media, Entertainment and Arts, and broader creative industries. At 31 December 2021 Media Super provided superannuation and retirement accounts to 72,000 members and managed $7 billion. Issued 17 June 2022, United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 Trustee for Cbus ABN 75 493 363 262 offering Media Super Products.