NGS Super, the Melbourne-based, A$12.8 billion ($9.8 billion) super fund, aims to have a carbon-neutral investment portfolio by 2030, it said Tuesday.
In recent months, a handful of other big Australian superannuation funds have announced goals of achieving carbon neutrality by 2050, in line with calls by global leaders such as United Nations Secretary-General Antonio Guterres.
The goal of pursuing a 2030 target is "ambitious," but 2050 falls short of the progress scientists say is needed to avoid risky climate change outcomes, Ben Squires, NGS chief investment officer, said in a news release.
"NGS Super believes that if climate change is not acknowledged in investment portfolios with more immediate action, this quickly shifting landscape will present further risk to the retirement savings of millions of Australians," the news release said.
Mr. Squires could not be reached for further information.
