Yes, but we are continuously working on how we can invest our members’ money responsibly and are currently reviewing ways to reduce the exposure to carbon emissions.
We have recently changed the way we select equities (shares) in a number of our investment funds. The aim is to reduce the carbon emission intensity and potential emissions of this portion by at least 50%, as well as improve the Environmental, Social, and Governance (ESG) score by 20%. This is included within the following investment options:
- Pre-Retirement Fund
- Global Investments (up to 100% shares) Fund
- Global Investments (up to 85% shares) Fund
- Global Investments (up to 60% shares) Fund
In addition to this, our Ethical Fund is invested in a way that looks to invest more with companies that have high ESG scores and/or have shown improvement in these areas. Fossil fuels and reducing carbon emissions are considered within the environmental score.