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...

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