TelstraSuper CEO Chris Davies says the report is testament to the how the Fund is “recognising the risks of climate change and carefully making investment decisions with relevant climate-risks in mind”.
The 2021 Climate Change report summarises TelstraSuper’s climate change-related activity and progress to the end of December 2021, and outlines plans for 2022 and beyond.
"Climate change is a systemic risk that needs to be pro-actively measured and managed to help provide a secure future for our current and future members. As a significant investor, we can, where it is in the best financial interests of our members to do so, seek to influence the future while proactively managing risk in our portfolios, and we take that very seriously,” said Mr Davies.
The report demonstrates how the Fund is implementing its Climate Action Plan, launched in February 2021. The Climate Action Plan has three high-level goals:
- Achieve net zero greenhouse gas emissions by 2050, aiming for a 45% reduction (from current levels) by 2030.
- Build portfolio resilience to the physical impacts of climate change across asset classes.
- Proactively invest in opportunities expect to be net beneficiaries of the transition to a net zero emissions world.
Read the full TelstraSuper Climate Change Report (PDF)
Further information on TelstraSuper's approach to sustainable investment — including more details about the Climate Change Action Plan — are available at telstrasuper.com.au/ESG.
* The Task Force on Climate-Related Financial Disclosures (TCFD) was created in 2015 by the Financial Stability Board to develop consistent climate-related financial risk disclosures for use by companies, banks, and investors in providing information to stakeholders.