MEDIA RELEASE 01:03:13
TIME FOR SUPER FUNDS TO FACE UP TO CLIMATE RISKS
As individuals wake up to the risks climate change poses to their superannuation, the Australian Youth Climate Coalition (AYCC), in partnership with the Asset Owners Disclosure Project (AODP), is launching a campaign pressuring funds to reveal the truth about their fossil fuel based investments and to balance their portfolios with cleaner investments.
MEDIA RELEASE 11:12:12
MOST BIG INVESTORS POORLY MANAGED FOR CLIMATE RISKS, FINDS FIRST GLOBAL CLIMATE INDEX FOR ASSET OWNERS
The first ever Global Climate Investment Index showing how the world’s biggest investors – superannuation/pension funds, insurance companies, foundations/endowments and sovereign wealth funds – are managing climate risk.
Dr John Hewson, AODP Chair and former leader of the Liberal Party of Australia, shares his thoughts on the AODP Global Climate Index.
OPINION PIECE 15:11:12
The growth of superannuation funds over recent years to become the largest pool of capital has made them a target for solving many of the country's problems or areas of under investment.
MEDIA RELEASE 23:10:12
On 23 October 2012, the Asset Owners Disclosure Project (AODP) released a new report regarding pension and superannuation fund trustees' fiduciary duty that indicates there are significant legal risks in the event of financial losses caused by climate change impacts, both physical and regulatory.
MEDIA RELEASE 18:10:12
Future Fund, the largest fund in Australia, has rejected its invitation to increase its transparency about the way it plans to manage the risks of climate change to its portfolio.
MEDIA RELEASE 28:09:12
A new social media platform to assist pension/super fund members to challenge climate risk taking and excessive short-termism in the global financial system was launched today in New York.
Supported by the head of the global trade union movement and other key civil society groups the platform, called "The Vital Few," will allow pension fund members to drive transparency and accountability in a $60 trillion industry that has become the largest pool of investment capital in the world.
MEDIA RELEASE 26:09:12
Pension and superannuation funds face an increasing campaign of scrutiny as negotiations between the independent Asset Owners Disclosure Project (AODP) and global investor groups on climate change break down.
AODP had been working to secure collaboration with the industry groups to support the AODP, the world’s only independent disclosure and ratings framework on climate change.
The Asset Owners Disclosure Project has made two high profile appointments to its board as it heads towards its new global disclosure cycle in 2012.
Former Australian Federal Opposition leader John Hewson and International Trade Union Confederation General Secretary Sharan Burrow have joined the AODP board. Both Hewson and Burrow have extensive international experience working on the role of the financial system to manage the risks and opportunities posed by climate change.