The Future Business Generation is pleased to announce the upcoming release of our report “Climate Change, Superannuation and Millennials” and the “Climate Investing Challenge”.
Our report explores how the $2.6 trillion Australian superannuation industry is considering and managing climate–related financial risks. The study is profoundly within the scope of our mission to represent our millennial audience, given they will retire, post 2030, into a world which will be in the midst of transitioning into a low carbon economy and experiencing physical impacts of climate change.
Our report is also timely, given increasing beneficiary attentiveness to not only the security of their funds but how their funds are invested to support and contribute to a transition to a low carbon economy.
We observed that participant superannuation funds are increasingly prioritising climate change as a legitimate risk to the long-term sustainability of their investment portfolios. Good practice appears to be emerging across the industry. However, we note that integration of climate risks into core risk management systems is still evolving to cope with the complexity of climate change and its implications to investments.
We call for more sophistication in climate risk assessment and management; with specific recommendations across integration of climate risks to investment processes, negative screening, engagement and shareholder resolutions.
In conjunction with the launch of the report we are collaborating with Ernst & Young to hold a “climate investing challenge” to encourage and invoke the financial creativity of university students to think broadly and analytically on the impacts of climate-related risks to long-term investments. This will be followed by a panel event with leading industry practitioners, largely aimed at a practitioner audience.
The report launch and events are expected to be held in October 2018.
For further information, contact Oshadee Siyaguna Oshadee.firstname.lastname@example.org or Michelle Davey email@example.com