Australia's Brighter Super plans ESG overlay on passive portfolio

Brighter Super, the $31 billion Australian superannuation fund managing the retirement savings of 250,000 members, is planning to implement a carbon reduction overlay process for reducing the footprint of its passive international and domestic equity mandates within six months. Fiona Mann, head of listed equities and ESG at Brighter Super told AsianInvestor that the fund was close to completing a pilot project for the change - the culmination of a process begun with an enhanced in…