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Australian Ethical focuses on smart energy
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Australian Ethical has announced a repositioning of its International Equities Trust to focus on what it describes as global smart energy.
Explaining the move, Australian Ethical portfolio manager Ursula Tonkin said the trust would now target investment in companies involved in global sustainable energy supply and demand.
She said this focus would allow the trust to benefit from the opportunities presented in combating and managing the impact of climate change by allowing it to provide specialist exposure to renewable energy supply through sources such as wind, solar and geothermal.
“We believe that while renewable energy supply is growing and will become a significant contributor to lower emissions over time, large reductions in emissions can be achieved now through innovation, adaptation and consumer preference for less energy-intensive products and services,” Tonkin said.
AUTHOR
Mike Taylor
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