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    ESG is the order of the day

    Feb 29, 2024 4 minutes

    VITA PALESTRANT SUPER

    This summer's stifling heat, floods, fires and cyclones are a stark reminder that climate change poses a risk to our wellbeing and that of future generations. With headlines like ‘Perth packs flood, fires and hail into one 41˚C day', it's understandable that members want transparent and quantifiable action on climate change from their super fund.

    Most funds now take an environmental, social and governance (ESG) approach to investing to meet their members' demands. At its simplest, it means funds avoid companies that do harm in favour of those that do good.

    While ESG sprang out of concerns over climate change, it is much broader than that now. Funds may avoid investing in tobacco or gambling,

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