Financial modelling by one of the country's largest consulting firms has found superannuation returns could shrink by 2 per cent a year if no additional government action is taken on climate change and trustees do not change their approach to climate risk.
"With compound interest each year, you're talking about some really large numbers in retirement," Dr Guyatt said.The researchers called on the Australian government to prioritise low-carbon infrastructure projects to drive economic growth following the COVID-19 crisis – such as upgrading grid technology or improving recycling schemes.
JANA's head of responsible investment research, Tim Conly, said board-level understanding of climate risk had improved over the past five years but there was "a long way to go". "There's a difference between words and actions. A lot have strong words, but the action does not match," Mr Conly said.claim exposure to certain assets like thermal coal companies are passively invested and therefore engagement over climate strategy was not possible. However, Mr Conly said this response did not stack up.
CharlotteGriev1 I guess we want to keep the lights on.
CharlotteGriev1 climate alarmism is the problem!
CharlotteGriev1 Only if they're investing in bad 'climate' businesses
CharlotteGriev1 Rubbish! fakenews propaganda
CharlotteGriev1 ClimateChange FollowTheMoney ?