Scientific Beta

Financial Review: "Her caution follows investment strategy firm Scientific Beta warning super funds must cut their carbon emissions by 7 per cent every year if they want to meet their net zero commitments, as is currently required of European and British pension funds."

Financial Review 21/09/2023

"(...) Simply committing to a net zero by 2050 target, as most super funds have, and claiming alignment with the Paris Agreement goals was not enough, Dr Wade told The Australian Financial Review, because “not all net zero pathways are created equal”. ’To meet the ISSB standards super funds needed to disclose any interim targets. Without achieving more frequent decarbonisation targets, she said, hitting net zero was “aspirational”. Her caution follows investment strategy firm Scientific Beta warning super funds must cut their carbon emissions by 7 per cent every year if they want to meet their net zero commitments, as is currently required of European and British pension funds. (...)"