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ARTICLE · 07 APRIL 2010

Superannuation Funds – Recommendations for Addressing the Effects of Climate Change - Asset Owners Disclosure Project

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In March 2010, the Australian Institute of Superannuation Trustees (AIST) and the Climate Institute have released their second annual survey of the Asset Owners Disclosure Project, a climate change investment initiative. The survey assesses Australia’s largest superannuation funds’ readiness to manage the risks and realise the opportunities associated with climate change.

AustraliaEnvironment

By Maddocks Sustainability and Climate Change Team

In March 2010, the Australian Institute of Superannuation Trustees (AIST) and the Climate Institute have released their second annual survey of the Asset Owners Disclosure Project, a climate change investment initiative. The survey assesses Australia's largest superannuation funds' readiness to manage the risks and realise the opportunities associated with climate change.

The survey was of 32 funds with $302 billion under management, representing about 28% of the Australian superannuation fund sector.

The AIST and Climate Institute conclude that the survey shows that superannuation funds are largely ignoring the risks resulting from climate change, have a poor understanding of the potential risks of climate change on the average retirement nest egg and remain illequipped to measure or manage climate risks in their investment portfolios.

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