ACC closes climate fund it launched in 2021

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
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...

More Sustainable Finance

NZGIF urged to focus on cutting agriculture emissions
Sustainable Finance

NZGIF urged to focus on cutting agriculture emissions

The fund is now in profit but was downgraded slightly on financial controls.

Greg Hurrell 28 May 2024
Why Milford Asset Management still engages with Aussie coal producers
Sustainable Finance

Why Milford Asset Management still engages with Aussie coal producers

Milford is also asking Fletcher Building for more systematic decarbonisation plans.

Greg Hurrell 01 May 2024
Big investors highly sceptical of sustainability reporting
Sustainable Finance

Big investors highly sceptical of sustainability reporting

A PwC survey points to a gap in trust that needs to be bridged.

Greg Hurrell 08 Apr 2024
Small businesses putting climate action in the 'too hard' basket
Environment

Small businesses putting climate action in the 'too hard' basket

SMEs are focusing on low-hanging fruit according to two business surveys.

Greg Hurrell 04 Apr 2024