Climate change is an important concern of Rest's members. Rest understands that climate change presents a financial risk that could lead to serious economic and social consequences. We also see the opportunities for Rest to contribute to the transition to a more sustainable, low carbon global economy.
Rest's objective to achieve a net zero carbon footprint by 2050
Rest has a long-term objective to achieve a net zero carbon footprint for the fund by 2050. This is consistent with the goals of the United Nations Paris Agreement. The Paris Agreement seeks to keep global temperature rise this century to well below two degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.
Rest’s net zero by 2050 objective is an important next step in our approach to managing environmental social and governance (ESG) factors in our investment process, and consistent with long term investment performance and member expectations.
Rest established a Climate Change Policy in 2018 which is reviewed annually. This Policy guides how we respond to climate change and manage the associated financial risks and opportunities.