Rest Backs Energy Transition in Latest Impact Investment


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An Australian retirement savings fund has become the first in the world to invest in companies that have a "positive environmental impact"and it's doing so in a big way.

Per the Guardian, the $150 million investment from superannuation fund Rest of Australia is the first of its kind in the listed equities asset class, which aims to achieve long-term total returns by investing in companies that are expected to contribute to the transition to a lower-carbon economy.

Specifically, the fund plans to invest in companies in three areas: renewable energy, resource efficiency, and electrification.

"Through these investments, we aim to help our members grow their retirement savings with strong, long-term investment returns and also generate measurable positive environmental impacts," Rest's head of listed assets, Kiran Singh, says in a press release.

Singh adds that listed equities can play an important role in meeting the fund's objective of a 1% allocation to impact investments across the fund's total portfolio by 2026.

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