The agency intends to reduce the carbon intensity of all its equities by 50 per cent by 2030. ACC board chair Dame Paula Rebstock​ said the greenhouse gas outputs associated with the investment fund significantly outweigh its workplace emissions. The agency's largest source of workplace emissions, car and air travel, total approximately 3000 tonnes of carbon dioxide a year. NZPA ACC is divesting from carbon-intensive companies, but will now intensify this process, says ACC board chair Dame Paula Rebstock. Decarbonising its investments involves both buying more equities in low-carbon companies and encouraging companies it already owns shares in to transition to low carbon ways, said Rebstock.

Source: Stuff June 17, 2020 06:33 UTC