Investing in line with the goals of the Paris Agreement
Increasing capital allocated to climate solutions
Aware Super commits to investing at least $100m in green bonds
Corporate engagement on climate change
Aware Super commits to engaging directly with at least 5 ASX listed companies to improve their climate strategies and commitments to net zero (this could include committing to TCFD aligned reporting; setting targets that are Paris aligned)
Commitment to carbon neutral business operations
Aware Super commits to achieving Climate Active Certification, a voluntary standard administered by the Federal Government, in its own operations. As part of this certification, our commitments include:
- entering a licence agreement confirming our commitment to achieve carbon neutrality
- calculating the greenhouse gas (GHG) emissions generated by Aware Super operations
- developing and implementing an emissions reduction strategy
- offsetting any emissions by buying carbon offsets from activities or projects that remove, reduce or prevent the GHG emissions from being released into the environment
- arranging for independent validation of the carbon neutrality claim
- achieving carbon neutrality
- publishing a summary of our carbon neutral claim
- maintaining the licence agreement for ongoing certification
2030 Paris-aligned emissions targets across Aware Super’s equity portfolios
Targeting a minimum 30% reduction in emissions in Aware Super’s listed equities portfolio by 2023, which will also incorporate the introduction of a new low-carbon index.
Collaborative engagement
Aware Super commits to be an ongoing participant in the Climate Action 100+ initiative, and a lead investor engaging with Santos, Origin and AGL. We will report on our progress for each company engagement plan – noting that all three have different 2020/2021 key priorities – through Climate Action100+.
Investing in line with the goals of the Paris Agreement
Renewables, clean technology and transition technology investment
Invest up to $AUD150 million in renewables, clean technology and transition technologies across Aware Super’s Infrastructure and Private Equity portfolios in FY2021. Aware Super will monitor how much capital is invested in renewables, clean technology and transition technologies across its infrastructure and private equity portfolios for the financial year ended 30 June 2021.