ESG & Investing
More Australian Pension Funds Ramp Up Climate Investments
- Rest Super and Hostplus have invested in climate reinsurance
- Pension fund industry has weekly A$2 billion of inflows
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Two of Australia’s biggest pension funds are the latest to ramp up investments related to the consequences of climate change.
Rest Super, a fund with A$80 billion ($54 billion) under management, has put about A$200 million over the last two years into securities linked to insuring against natural disasters. Rival Hostplus invested in a similar strategy earlier this year.