NZ Super Fund divests carbon investments over 'undue risk', Orr says

Wed, 21 Feb 2018

By Sophie Boot Feb. 21 (BusinessDesk) - The New Zealand Superannuation Fund has been divesting investments with carbon exposure as it believes the emission is currently underpriced and represents a risk for the future. Outgoing Super Fund chief executive Adrian Orr told Parliament's finance and expenditure select committee this morning that the fund committed to reducing its portfolio exposure to carbon reserves by 40 percent and carbon emissions by 20 percent by 2020, and is "almost there now". The decision to reduce the fund's exposu...

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