2030 super target: a carbon neutral investment portfolio

16 Mar 2021 3 min read

NGS Super is pleased to announce that we have set a target of 2030 to create a carbon neutral1 investment portfolio.

Climate change is a threat to us all, to the planet we live on, and the futures we look forward to and plan for. The science tells us that we need to take action now — and that’s what we’re doing.

Why carbon neutral investments?

Our Chief Investment Officer Ben Squires said:

“Our target of being carbon neutral by 2030 is the next step in integrating responsible investment for better returns for our members. We believe integrating environmental, social and governance (ESG) and responsible investment principles is vital to managing risk within our investment portfolio and providing our members with better risk-adjusted returns.

“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.”

Australia’s $3 trillion super industry has a significant role to play in the transition to a low carbon world, and we’re proud to be part of this positive action.

2030 super investment portfolio

Laura Wright, CEO of NGS, said:

“We believe that climate change needs to be acknowledged in investment portfolios, and that taking immediate action is the best way to protect the retirement savings of our members.

“This is a significant announcement, and there is an enormous amount of work going on behind the scenes. We look forward to sharing more details of the process with our members, our employers and the wider community as we make the transition to carbon neutral.”

NGS has been working towards this transition plan for many years — here's our ESG journey to date:

And you can find out more about what we’ll be doing to reach our target below, as well as answers to any questions you may have.

Carbon Neutral 2030: FAQs

Why has NGS Super announced this target?

What does this mean for my super?

How will NGS create a carbon neutral portfolio by 2030?

How does NGS measure carbon in the portfolio?

Does NGS currently have fossil fuels in its portfolio?

What’s the difference between engagement and divestment?

Will NGS be using carbon offsets?

What happens when NGS merges with ACS?

1 For the purposes of this transition, carbon neutral is defined in terms of carbon dioxide (CO2). CO2 is the largest contributor to greenhouse gases.

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