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Adapting to Climate Change RiskFinancial Risk: Superannuation

Suzanne Findlay15 November 2007

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• As an organisation– Our members

• As an investor– UNPRI– Direct and indirect investments

Adapting to climate change

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Organisation and members

• Melbourne office rated 4.5 stars– ISPT as manager and investment

• Sustainability committee– Australian Greenhouse Challenge Plus

• Less than 1% of fund in sustainable options

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Investments

• We have signed the UN Principles for Responsible Investing (UNPRI)– Environmental Social Governance (ESG) issues

• Equity managers– Consideration of ESG– Companies not held by any managers– Engagement by Advisors (ACSI)

• Direct investments– CSIRO Infrastructure climate change report– Pacific Hydro, bio diesel, ethanol

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Under UNPRI, we will

1. incorporate ESG issues into investment analysis and decision-making processes

2. be active owners and incorporate ESG issues into our ownership policies and practices

3. seek appropriate disclosure on ESG issues by the entities in which we invest

4. promote acceptance and implementation of the Principles within the investment industry

5. work together to enhance our effectiveness in implementing the Principles

6. each report on our activities and progress towards implementing the Principles