Three Australian Super Funds receive the highest rating in global climate change survey

Three of Australia's largest super funds received the highest triple A rating in this year's Asset Owners Disclosure Project (AODP). In it's fourth year, AODP, an independent global not-for-profit organisation, ranked 500 of the world's largest superannuation funds and other asset managers on how they are protecting their members from the adverse effects of climate change.

Ranked on three capabilities - engagement, risk management and low carbon investment - Local Government Super, Australian Super and First State all received AAA ratings, with VicSuper, BT Financial Group and Cbus Super ranked in the top 20.

See how the other Australian funds fared here.

Commenting on this year's results, Julian Poulter, CEO of AODP said:

"Climate change risk is now a mainstream issue for institutional investors and last year has seen many significantly step up their action to manage this. However, only a handful are protecting their portfolios from the very real danger of stranded assets, and it is shocking that nearly half the world's biggest investors are doing nothing at all to mitigate climate risk. Pensions funds and insurers that ignore climate change are gambling with the savings and financial security of hundreds of millions of people around the world and risking another financial crisis."