A large Australian pension fund has said that dropping coal companies from their portfolios will not make a difference to net zero efforts.
Pension and investment funds dropping coal companies from their portfolios will not make a difference for the world’s efforts to get to net zero , the chief investment officer of a large Australia n pension fund told Bloomberg on Tuesday. “We don’t think exclusions make any difference in practice to getting to net zero ,” Michael Wyrsch, Chief Investment Officer at Australia ’s Vision Super Pty, told Bloomberg in an interview.
A new analysis from Market Forces showed on Tuesday that Vision Super has changed its ESG policy, removing its revenue-based coal, oil, and gas investment restrictions and replacing them with a ‘carbon budget framework.’ Vision Super has since re-invested in coal miner Whitehaven, the research found.
Coal Emissions Net Zero Climate Energy Pension Fund
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