NGS Super says its investment in the Australian Unity Green Bond Fund is one step closer to the fund’s ambitious target of creating a carbon-neutral portfolio by 2030.
NGS is the first industry super fund investment into the AU Green Bond Fund with NGS CIO Ben Squires calling the move an “important milestone”.
“Our target of being carbon neutral by 2030 is the next step in integrating responsible investment for better returns for our members,” Mr Squires said.
“We acknowledge that pursuing a carbon neutral target date of 2030 is ambitious, but this investment is part of a broader implementation plan across the business that will see us play our part in stemming human-induced climate change.”
Clean Energy Finance Corporation (CEFC) – a cornerstone investor in the AU Green Bond Fund – applauded NGS’ move.
“We welcome the investment by NGS Super into the AU Green Bond Fund,” CEFC chief executive, Ian Learmonth, said.
“It is another signal of the strong demand by carbon focused investors for investment products that provide market returns as well as support Australia’s transition to a low emissions economy.”
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