Called Future Super, the fund is one of Australia’s most innovative and fasted growing superannuation funds to screen out investments in the fossil fuel industry, writes South Pole Carbon in a news release. The fossil fuel industry has too many risks to be a responsible investment for the long term, says Simon Sheikh, managing director of the fund.
South Pole Group measured the fund’s carbon intensity and the compensating offsets of its remaining emissions. In addition, Future Super chose offsets from some of South Pole Group’s emission reduction projects located in China and Thailand.