Anglican fund shuns fossil fuel

15 October 2014
| By Malavika Santhebennur |
image
image image
expand image

An Anglican superannuation fund is following the footsteps of AMP Capital, HESTA and Hunter Hall, announcing they are divesting from all fossil fuel investments.

Anglican National Super (ANS) made the announcement after similar moves from the Canberra and Perth Anglican Dioceses last week.

The Sydney Anglican Diocese super provider will be working with AMP to divest from fossil fuels.

"By actively supporting like-minded organisations and conventions around the world, and not investing in organisations which do not share and support our ideals, we are able to modify behaviour and influence corporate policy," Anglican National Super business relationship manager at AMP financial services Paul Willis said.

The Anglican Church of Australia supported the move at their General Synod in July, expressing regret that future generations will pay the price for the high dependence on carbon-based energy.

The national Synod urged each Anglican Diocese in Australia to review criteria for its investments, and think about eliminating fossil fuel industries from Diocesan investment portfolios.

In total, 47 religious institutions worldwide have pledged to divest from fossil fuels so far.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 6 months ago
Kevin Gorman

Super director remuneration ...

1 year 6 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 6 months ago

The pace of economic growth in Australia is expected to “grind higher over coming quarters” off the back of lower inflation, falling interest rates, and a robust labour m...

15 hours ago

The superannuation sector has welcomed confirmation that a controversial US tax provision will be removed....

16 hours ago

A new analysis from environmental finance group Market Forces has reportedly discovered that AustralianSuper is on the brink of becoming the largest investor in Whitehave...

16 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3