Super Fund gets RI rating

It received an A+ rating for its approach to strategy and governance, the fifth year it has achieved the top grade. Other key results included A+ marks for the manager selection, appointment and monitoring module for infrastructure, private equity and property investments, the first time the fund has been judged on these categories.

“We were particularly pleased at the infrastructure category result, given this is an area of increasing focus for the Fund, both in renewable energy infrastructure and low-carbon transport with our bid for the Auckland Light Rail project a prime example,” said NZ Super Fund head of responsible investment Anne-Maree O’Connor.

“The fund takes a strong and purposeful approach to responsible investment. We believe that environmental, social and governance (ESG) factors are material to long-term returns.”

The UNPRI is the leading global proponent of responsible investment. It seeks to understand the investment implications of ESG factors and to support signatories to incorporate them into investment and ownership decisions.