ACC to decarbonise investment portfolio

Wed, 17 Jun 2020

The Accident Compensation Corporation has announced a target to halve the carbon intensity of its $46 billion investment portfolio by 2030. ACC chair Paula Rebstock said the targets acknowledge the changed ethics of New Zealanders seen in the bi-partisan support for the Zero Carbon Act and the country's commitment to reduce net emissions to zero by 2050. “In managing its investments, ACC must balance the objectives of maximising returns to pay for the future costs of injuries; while investing in a way that is ethically acceptable to New Z...

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