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: