The New Zealand Super Fund’s assets fell to NZ$55.7 billion ($32.2 billion) during fiscal year 2021, while the fund reoriented the portfolio towards sustainability and moved forward on Diversity, Equity, and Inclusion.
As the COP26 summit approaches Colonial First State (CFS), the NZ Super Fund and Goldman Sachs have announced their commitment to net zero initiatives.
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Asset owners can show their commitment to net-zero emissions through an initiative launched Wednesday by Ceres and investor network partners in Asia, Australia and Europe.
So far, 110 investors with a collective $33 trillion in assets are participating in the Paris Aligned Investment Initiative, including the $226.4 billion New York State Common Retirement Fund, Albany. In December, the pension fund committed to a net-zero carbon emissions target by 2040.
The initiative is coordinated by Ceres, the Asia Investor Group on Climate Change, the Institutional Investors Group on Climate Change and the Investor Group on Climate Change.
A similar track for asset managers launched in December includes 30 firms with a collective $9 trillion.