NZ Super Fund seeks to put a market price on climate change with new risk rules

Wed, 19 Oct 2016

By Jonathan Underhill Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon Mobil. Guardians of the Fund chief executive Adrian Orr was at pains not to name names. The strategy didn't mean NZ Super would avoid sectors per se but would assess investments on a case by case basis to see whether they needed to be risk-weighted for the effects of...

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