ACC closes climate fund it launched in 2021

ACC is closing its climate change fund, saying the "climate angle" is now part of every investment decision. (Image: Getty)

Greg Hurrell

Mon, 06 May 2024

The Accident Compensation Corporation is winding up its Climate Change Impact Fund after two and a half years, saying the scheme is now largely redundant and duplicates its wider business.The fund had a notional value of $100 million, a tiny portion of the Accident Compensation Corporation’s (ACC) $47 billion portfolio. It will be consolidated back into the ACC’s private markets portfolio, worth around $2.2b.The climate change fund was launched in 2021. At the time, the corporation said it aimed to generate commercial returns while...

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