First State Super urges leaders to step up on climate change

We are among a record number of signatories to an open letter called the Global Investor Statement to Governments on Climate Change, asking world leaders to move faster in their response to climate change.

Ahead of the June 2019 G20 Summit in Japan, First State Super joined a group of 477 global investors, managing US$34 trillion, who are calling on leaders to strengthen international commitments, by enacting strong policies to achieve globally recognised climate change targets..

These policies include those agreed in the Paris Agreement, such as phasing out thermal coal power and pricing carbon. 

The letter also implores action to limit average global temperature rise to no more than 1.5 degrees Celsius, a low carbon transition and commitment to improving climate-related financial reporting.

“As one of Australia’s largest industry superannuation funds, and a major institutional investor, we believe we have an important role to play in bringing about positive action on climate change to protect the retirement savings of our members,” said Deanne Stewart, our Chief Executive Officer.

We are responding on behalf of our members - the teachers, nurses and emergency workers who often see the effects climate change first hand.

The actions we take today should not compromise the outcomes received by investors tomorrow, and we see it as our responsibility to consider risks associated with climate change as part of our our Investment strategy.