ESG & Investing
Exiting Coal Isn’t the Way to Net Zero, Australian Pension Says
- Australia’s Vision Super revised policy on producers fuel
- Pension fund has introduced a carbon budget for equities
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Blacklisting the coal industry won’t get the world to net zero emissions, according to an Australian pension fund that says such exclusions ultimately slow down the transition to a low-carbon economy.
Vision Super Pty., which oversees a A$14 billion ($9.3 billion) portfolio, is adding its voice to an increasingly heated debate on how institutional investors should tackle climate change.