Pension funds tout benefits of low-carbon investing

Several pension funds in Australia and New Zealand appear to be reaping the benefits of reducing the impact of climate change on their portfolios, as opposed to simply offering an environmental, social and governance (ESG) fund option to their members. New Zealand Superannuation Fund has implemented a low-carbon strategy across its passive equity portfolio. Now 40% of the overall NZ$35 billion ($25 billion) fund is “low-carbon” and it plans to extend the climate policy to its acti…