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General Business
5 mins to read
13

Genesis scrapping coal won’t guarantee Super Fund reinvestment

Politicians question Super Fund on climate change risk, coronavirus and Auckland light rail.

Calida Stuart-Menteath Wed, 04 Mar 2020

The NZ Super Fund would not simply add Genesis Energy back into its portfolio if the electricity gentailer gave up coal.

New Zealand’s $45 billion pension fund dropped Genesis from its investment portfolio mid-2017 as part of a $950 million divestment to cut its carbon footprint.

The fund

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Calida Stuart-Menteath Wed, 04 Mar 2020
Contact the Writer: calida@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
NZ Super Fund NZ Superannuation Fund Guardians of New Zealand Superannuation Matt Whineray Auckland Light Rail Genesis Energy climate change
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