News
13 April 2007
A new climate for a sustainable future
With the dangers of climate change becoming increasingly clear, investing in a sustainable future has never been more important. A recent report produced by the British Government suggested urgent action is needed to prevent an economic catastrophe, with any positive steps we take now having the potential to pay us back many times over in the future.
Two recent initiatives underscore Vision Super’s commitment to a sustainable future, highlighting our belief that long-term economic viability and environmental stability are linked.
Investor Group on Climate Change
In September, Vision Super joined the Investor Group on Climate Change (IGCC) which represents Australian and New Zealand investors, and others in the investment community interested in the impact of climate change on investments. Vision Super became a member in September this year.
With total funds under management of almost $200 billion, the IGCC aims to ensure that risks and opportunities associated with climate change are incorporated into investment decisions, by raising awareness of potential impacts, encouraging best practice, and providing information to the investment industry.
United Nations Principles for Responsible Investment
Vision Super became a signatory to the United Nations Principles for Responsible Investment in October.
“These Principles grew out of the understanding that while finance fuels the global economy, investment decision-making does not sufficiently reflect environmental, social and corporate governance considerations,” said the Secretary- General of the United Nations, Kofi Annan.
“Becoming a signatory to these principles is further evidence to members and employers of the importance Vision Super places on responsible investing,“ said Rob Brooks, Vision Super CEO.
Ultimately, if the troubling forecasts of climatologists are realised, companies that are aware of the impacts of climate change are more likely to increase the long-term value of their investments and reduce the risk of negative outcomes. As well as being socially responsible, this emphasises Vision Super’s focus on long-term investment results, and fulfils part of Vision Super’s corporate governance obligations to manage risk.
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