Industry fund, Vision Super has declared its intention to hire “an enthusiastic environmental activist” to join its Climate Action Team.
The fund’s intention was revealed by Vision Super chief executive, Stephen Rowe who said the Climate Action Team had been formed to manage climate risk in investments and push for the policy changes needed at a national and international level.
“We’re a signatory to the Paris Agreement, and take the risks posed by climate change very seriously, so we’ve formed a Climate Action team that includes Michael Wyrsch, our chief investments officer, as well as me as the CEO, and members of our investment and strategy teams,” Rowe said.
He said the fund believed that markets were not appropriately pricing-in climate risk, so it had acted to reduce the carbon intensity of its portfolios to protect its members’ retirement savings.
“We’re now looking for an enthusiastic, qualified climate activist to join the team and help us take action on climate change, and promote our approach to ESG [environmental, social, and governance],” Rowe said. “This isn’t a traditional nine-to-five office job where you wear a suit and sit in an office. This is a job for an energetic activist who wants to get out to climate rallies, meetings and community events and promote Vision Super.”
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
Add new comment