Scientific Beta

Financial Review: "Superannuation funds must cut their carbon emissions by 7 per cent every year if they want to meet their net-zero commitments or risk greenwashing claims and customer anger, investment strategy firm Scientific Beta has warned. (...) But modelling from Scientific Beta, which advised several UK pension funds on their own transitions, showed most Australian funds were not on track to hit this annual 7 per cent target, said senior investment adviser Michael Aked.

Financial Review 18/09/2023

"(...) Superannuation funds must cut their carbon emissions by 7 per cent every year if they want to meet their net-zero commitments or risk greenwashing claims and customer anger, investment strategy firm Scientific Beta has warned. Doing so would bring them in line with European pension funds, which are required to meet an annual 7 per cent decarbonisation target under EU energy transition frameworks if they have a net zero-by-2050 goal. (...) But modelling from Scientific Beta, which advised several UK pension funds on their own transitions, showed most Australian funds were not on track to hit this annual 7 per cent target, said senior investment adviser Michael Aked. (...)"