Established in 2011, the Commonwealth Superannuation Corporation (“CSC”) provides superannuation services to employees of the Australian Government and members of the Australian Defence Force. As at December 31, 2019, they had $US 36.5 billion of assets under management.
As a UN PRI signatory, CSC integrates environmental, social and governance (ESG) issues in its decision-making processes and active ownership practices. With regards to Climate Change, CSC measures and discloses the carbon footprint of its public market equities portfolio, in line with the Montreal Carbon Pledge, and conducts stress and scenario analysis. Additionally, they engage with investee companies on climate change issues with other investors as part of their involvement with the Investor Group on Climate Change (IGCC), the Carbon Disclosure Project (CDP) and the Taskforce for Climate-related Financial Disclosures (TCFD).
Climate Investment Risk Factsheet