The Australian Institute of Superannuation Trustees, Melbourne, Australia, has partnered with the Climate Institute, Sydney, to launch a world-first survey on how pension funds manage the risks and opportunities presented by climate change.
The Australian Asset Owners Climate Change Initiative survey will be issued to all 80 Australian super funds with more than A$1 billion (US$824 million) under management.
The survey will be sent to funds in Europe and the U.S. later in the year, and will be officially launched later this month.
This initiative will assist asset owners in meeting the challenges of both the physical impact of climate change and new policies and regulations which will be the reality of carbon-constrained economies, said Fiona Reynolds, chief executive of the AIST.
The survey, which among other things will ask funds how they are preparing their investment portfolios for the introduction of carbon trading, was announced by Ian Robertson, chair of the AIST, at the opening session of the Australian Super Investors conference.