NZ Super Fund drops carbon investments

Wednesday, February 21st 2018, 8:31PM

The NZ Super Fund is dropping investments with carbon exposure because it thinks emissions are underpriced and pose a risk.

Departing Super Fund chief executive Adrian Orr told a select committee the fund would reduce its portfolio exposure to carbon reserves by 40% and carbon emissions by 20% by 2020.

He said it came under the fund’s mandate to maximise return without undue risk.

He said the fund believed carbon was mispriced globally.

Tags: NZ Super Fund

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