IFM Investors welcomes the introduction of legislation to establish the new Net Zero Economy Authority and funding to support its operations.
The Authority will have a critical role to play in facilitating investment in key regions and supporting workers and communities to benefit from the new opportunities arising from the energy transition.
IFM’s purpose is to invest, protect and grow the long-term retirement savings of working people, and we believe that an orderly transition to a net zero economy will help us do just that.
With the right policy foundations in place, Australia’s economic transition can be a source of secure, quality jobs and economic growth over the next quarter century.
Last year, alongside profit-to-member superannuation funds, IFM helped release Super-powering the energy transition: A policy blueprint to facilitate superannuation investment which provided recommendations to the government to accelerate investment in the energy transition in Australia.
We look forward to continuing to work with the Australian Government and the Net Zero Economy Authority to help drive policy settings that unlock capital into the energy transition while delivering for the retirement savings of working people.
Read Super-powering the energy transition: A policy blueprint to facilitate superannuation investment here.
Quotes attributable to IFM Investors Global Head of External Relations David Whiteley:
“We welcome this important milestone in the establishment of the Net Zero Economy Authority, which will help accelerate the energy transition in Australia.”
“We look forward to working with the new Authority on the policy settings needed to drive investment that delivers appropriate risk-adjusted returns for our clients, including industry super funds, and the working people they represent.”
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About IFM Investors
IFM Investors was established more than 25 years ago with the aim to invest, protect and grow the long-term retirement savings of working people. Owned by a group of Australian pension funds, the organisation has A$217 billion under management as at 31 December 2023. Because IFM is owned by industry pension funds, we prioritise the interests of over 680 like-minded investors worldwide by focusing on assets that combine excellent long-term risk/reward characteristics with broad economic and social benefits to the community. As a signatory to The United Nations-supported Principles for Responsible Investment, IFM actively engages on ESG issues with the companies in which we invest with the aim of enhancing their net performance while minimising investment risk. Operating globally from offices in Melbourne, Sydney, London, Berlin, Zurich, Amsterdam, New York, Hong Kong, Seoul and Tokyo, IFM manages investments across infrastructure, debt, listed equities and private equity assets. For more information, visit www.ifminvestors.com
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