Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Minister welcomes climate focus on long-term investment

Minister welcomes climate focus on long-term investment

The Minister for Climate Change has congratulated the One Planet Sovereign Wealth Fund Group for its new Framework offering guidance on long-term investment and asset ownership in relation to climate change.

“The publication of this Framework is important to promote consideration and understanding of climate change issues in the management of large, long-term asset portfolios controlled by sovereign wealth funds, like the New Zealand Superannuation Fund,” says James Shaw.

“I congratulate those agencies, including our Super Fund, who make up the One Planet Sovereign Wealth Fund (SWF) Group, which has spent six months putting together this Framework.

“Sovereign wealth funds, like the NZ Super Fund, have the size, scale, capacity and long-term investment vision that puts them in a unique position to promote the kind of asset and infrastructure decisions which can influence global sustainability and climate change adaptation well into the future,” Mr Shaw said.

Together the members of the SWF Group manage over $3 trillion in assets.

The One Planet SWF Group hopes that other long-term institutional investors will be able to make use of its Framework when carrying out their investment objectives and responsibilities.

Publication of the One Planet SWF Group Framework on Climate Change was hosted by French President, Emmanuel Macron, at the Elysee Palace in Paris.

President Macron launched One Planet in December last year, two years to the day after the Paris Agreement was signed.

One Planet aims to explore ways of innovating, supporting and accelerating the global fight against climate change.

The six founding members of the One Planet SWF Group are:

• The New Zealand Superannuation Fund
• Abu Dhabi Investment Authority
• Kuwait Investment Authority
• Norges Bank Investment Management of Norway
• The Public Investment Fund of the Kingdom of Saudi Arabia
• Qatar Investment Authority

One Planet SWF Working Group Framework on Climate Change announcement link

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

West Coast PGF Announced: Kickstart For Ports, Rail, Town

The Provincial Growth Fund (PGF) is backing the West Coast with initial investment in projects that could lift the region’s productivity potential and future-proof its economy.
The PGF government will invest $625,000 in four feasibility studies for proposals that would boost tourism, increase transport resilience and generate employment opportunities.
More>>

 

Moving On: Flavell Leaves Māori Party TO Lead Te Wānanga o Aotearoa

The Māori Party congratulates Te Ururoa Flavell on his appointment as Kaiurungi - Chief Executive Officer of Te Wānanga o Aotearoa and thanks him for his many years of service, support and aroha for the Māori Party, its kaupapa, and for communities across Aotearoa. More>>

ALSO:

IPCA On 2016 Armed Offenders Response: 'Serious Failings' Put Officers At Risk

The Independent Police Conduct Authority has found that the tactical decision-making and control and command exercised by Police in response to shots fired near Kawerau on 9 March 2016 was highly flawed and placed Police officers at risk. More>>

ALSO:

Mental Health: National Offers Cross-Party Action

National is not prepared to let the Government park the mental health needs of Kiwis while it holds an inquiry, and has offered to work together to improve New Zealand’s mental health services both immediately and longer term, Mental Health spokesperson Matt Doocey says. More>>

ALSO:

Extradited To Deportation: 'Justice Not Served' In Australia Muddle

A number of New Zealanders who have been extradited to Australia to face charges - only to be sent back here or put in immigration detention centres - is concerning, Justice Minister Andrew Little says. More>>

ASMS: Syphilis Deaths Highlight Need For Proper Resourcing

“The heart-wrenching news that babies have died from syphilis underscores yet again the importance of properly funding and resourcing essential health services... This should not be happening in a quality first-world public health care system like New Zealand’s.” More>>

ALSO:

'Don't Mess This Up': Youth Message On Zero Carbon Act

The young New Zealanders credited with driving momentum for a Zero Carbon Act have formally handed over their submission on the proposed law to MPs from the Labour, Green and National parties. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages