NGS Super Impact Committee16 Jan 2020 2 min read
In 2020, NGS Super is launching an internal Impact Committee, as part of our ongoing commitment to making a positive impact wherever we can.
Consistent with our responsible investment approach, we strive to make a meaningful impact with every dollar we spend and every procurement decision we make.
So, what does this mean in practice? Well, our internal Impact Committee will focus on two key areas:
- Social procurement – we will review what we buy as a Fund and where possible make our existing spend count to increase our positive impact.
- Sustainability – we will look at our internal practices and implement more sustainable solutions to lessen our negative impact on the environment.
Any changes we make to procurement arrangements or to improve the Fund’s operational sustainability will be made in the best interests of members. It’s a win-win: same economic spend but with more positive impact.
The Fund has a long history in the responsible management of our members’ retirement savings through our Responsible Investment Policy, which is further supported by the following initiatives:
- a public commitment to the Australian Council of Superannuation Investors (ACSI) Australian Asset Owners Stewardship Code and publishing the NGS Super Stewardship Statement
- a public commitment to Active Ownership and Engagement
- disclosure of the Fund’s portfolio’s1 contribution to and detraction from the UN Sustainable Development Goals (SDGs)
- our statement on climate change
For the second consecutive year, we’ve been certified as carbon neutral under the National Carbon Offset Standard. This involves calculation and assessment of the carbon emissions produced through our internal operations, and participation in carbon offset programs. We also have in place emission reduction targets for our internal operations.
We are actively preparing to release our first Task Force on Climate Related Disclosures (TCFD) report which will assess the risks and opportunities presented to the Fund’s portfolio as a result of climate change.
We will share the results of the internal Impact Committee’s actions throughout 2020.
For more information on our sustainability initiatives, visit our sustainability page.