Funds urged to engage beyond their portfolios to address climate risk
As institutional investors turn away from the “divest and forget” approach to more active engagement, Australian Ethical chair Steve Gibbs said funds should not restrict their efforts to companies or assets they are invested in, but realise they have influence around periphery too. CareSuper chair Linda Scott said divestment was still an appropriate tool at times, but Mine Super chair Christina Langby urged an orderly transition in those cases.
