The following climate change position statement was reviewed and approved by the Trustee Board in October 2017.

Commonwealth Bank Group Super accepts the scientific consensus that climate change is occurring and that it is expected to have an impact on members’ superannuation as the regulatory, environmental, economic and social impacts of climate change grow over time.

We believe we have a part to play in limiting climate change to below two degrees Celsius in line with the Paris Agreement, and support the global transition to net zero emissions by 2050.

We believe climate change and the transition to a low carbon global economy will lead to both risks and opportunities in relation to the fund’s investments. We will build our understanding and capability of climate change implications in relation to the fund’s investments to ensure we manage the associated risks and opportunities.

To play our role in addressing climate change, we aim to:

  • integrate climate change risks and opportunities into our investment decision-making
  • integrate climate change into the management of our investment partners, including investment managers and consultants
  • measure and monitor portfolio exposures including carbon emissions from our investments and analyse scenarios and stress test our investment portfolio resilience
  • participate in public reporting such as the Asset Owners' Disclosure Project
  • commit towards keeping members informed and enhance our disclosure regarding climate change.