Transcript Adapting to climate change - Australian Industry Group

Adapting to Climate Change Risk
Financial Risk: Superannuation
Suzanne Findlay
15 November 2007
1
Adapting to climate change
• As an organisation
– Our members
• As an investor
– UNPRI
– Direct and indirect investments
2
Organisation and members
• Melbourne office rated 4.5 stars
– ISPT as manager and investment
• Sustainability committee
– Australian Greenhouse Challenge Plus
• Less than 1% of fund in sustainable options
3
Investments
• We have signed the UN Principles for Responsible
Investing (UNPRI)
– Environmental Social Governance (ESG) issues
• Equity managers
– Consideration of ESG
– Companies not held by any managers
– Engagement by Advisors (ACSI)
• Direct investments
– CSIRO Infrastructure climate change report
– Pacific Hydro, bio diesel, ethanol
4
Under UNPRI, we will
1. incorporate ESG issues into investment analysis
and decision-making processes
2. be active owners and incorporate ESG issues
into our ownership policies and practices
3. seek appropriate disclosure on ESG issues by
the entities in which we invest
4. promote acceptance and implementation of the
Principles within the investment industry
5. work together to enhance our effectiveness in
implementing the Principles
6. each report on our activities and progress
towards implementing the Principles
5