POWERED BY MOMENTUM MEDIA
NGS Super to be carbon neutral by 2030
NGS Super has announced it is targeting a carbon neutral investment portfolio by 2030 as it believes integrating environmental, social and governance (ESG) factors and responsible investment provides members with better risk-adjusted returns.
The fund said retirement savings would be at risk if climate change was not acknowledged in investment portfolios with more immediate action.
NGS Super chief investment officer, Ben Squires, said: “We acknowledge that pursuing a carbon neutral target date of 2030 is ambitious, but we also believe a 2050 target is misaligned with the timeframes the scientific community has given in relation to stemming human-induced climate change.
“…divestment of some companies and stocks will be necessary to achieve our 2030 target, but first and foremost, we will use engagement to effect change, as well as seeking out positive investments in companies and businesses that are actively looking to transition to the low carbon economy. We have already started that journey.”
NGS noted that while it aimed to achieve carbon neutrality without purchasing carbon offsets, it might need to use offsets from time to time.
“Our focus will be on carbon reduction and investing in carbon positive assets or companies in areas such as clean energy infrastructure (wind and solar projects), storage infrastructure, or grid technology,” Squires said.
“We’ll access these opportunities in several ways, including investing in infrastructure or private equity funds, direct project-level investment, securitised bonds or equity, investing in green buildings, or funding the balance sheets of corporate developers in both debt and equity.”
Recommended for you
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
