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Fossil fuels not be all and end all: ACC switches benchmarks

Nearly all of its $15 billion of equity investments will move to low-carbon benchmarks this month.

ACC's new global equities benchmark has 90% lower carbon intensity than its existing benchmark.

ACC has taken another step towards its legislated target of being net zero carbon by 2050 with a move to shift nearly all of its $15 billion of equity investments to low-carbon benchmarks, a move undertaken by the Super Fund earlier this month.

ACC, which has about $45b funds under management, said

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Fossil fuels not be all and end all: ACC switches benchmarks
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