Story image

NZ Super Fund gets AAA rating following release of climate change strategy

02 May 2017

The New Zealand Superannuation Fund has achieved an AAA rating in the latest Global Climate Index report, and ranks at 15 in its list of top global asset managers.

What exactly does this mean?

The Global Climate Index Report looks at 500 of the world’s biggest asset owners and rates them. The report rates them by their strategies in responding to risks from climate change.

The report assesses governance and strategy, portfolio risk management, and metrics and targets.

According to the recent announcement by the NZ Super Fund, only 17 asset owners around the world achieved this top AAA rating in the survey. Of these 17, the NZ Super Fund is number 15.

According to the report, European asset owners are the global leaders on managing climate risk but Australia and New Zealand are now beginning to rival Europe.

The index is published by the Asset Owners Disclosure Project, an independent, non-profit organisation which aims to encourage long-term investors to address climate-related risk.

The NZ Super Fund’s rating increased from D in 2016 to AAA in the latest report and its ranking improved by 94 places.

The current AAA rating is a large increase from the NZ Super Fund’s rating in 2016 - an increase of 94 places. The NZ Super Fund’s rating increased from a D in 2016 to the AAA in the latest report.

The change reflects the release of the Fund’s climate change strategy, announced in October 2016, and its participation in the AODP 2017 survey. Previously the Fund was assessed on its publicly-available information alone.

This increase in rating is most likely due to recent changes the Super Fund has made. In October 2016, the Super Fund released its climate changed strategy and its participation in the AODP 2017 survey.

In the past, the Fund was assessed on its publicly-available information alone.

The Fund’s strategy on climate change has four parts: carbon footprint reduction, analysis, engagement and investment in new opportunities.

According to the Super Fund, the strategy includes a commitment to reduce the Fund’s equity exposure both to fossil fuel reserves and carbon emissions.

The report states the NZ Fund’s aim to integrate carbon measures into its investment models and increase engagement with companies on climate change.

The New Zealand Superannuation Fund recently announced the achievement of an AAA rating in the latest Global Climate Index report. 

Attacks targeting Cisco Webex extension explode in popularity - WatchGuard
WatchGuard's Internet Security Report for Q4 2018 also finds growing use of a new sextortion phishing malware customised to individual victims.
SAS partners with NVIDIA on deep learning and computer vision
“By partnering with NVIDIA, we combine our strengths to augment human intelligence and realise the true potential of AI.” 
Why businesses must embrace automation to ensure success
“For many younger workers, the traditional view of a steady job at one company, perhaps for life, simply doesn’t reflect reality."
TYAN unveils new inference-optimised GPU platforms with NVIDIA T4 accelerators
“TYAN servers with NVIDIA T4 GPUs are designed to excel at all accelerated workloads, including machine learning, deep learning, and virtual desktops.”
Worldwide spending on security to reach $103.1bil in 2019 - IDC
Managed security services will be the largest technology category in 2019.
Microsoft appoints new commercial and partner business director
Bowden already has almost a decade of Microsoft relationship management experience under her belt, having joined the business in 2010.
How Cognata and NVIDIA enable autonomous vehicle simulation
“Cognata and NVIDIA are creating a robust solution that will efficiently and safely accelerate autonomous vehicles’ market entry."
Kinetica launches a new active analytics platform
"With the platform now powered by NVIDIA DGX-2, customers can build smart analytical applications that combine historical data analytics and ML-powered analytics."