CareSuper Releases Roadmap to Net Zero by 2050

20 March 2023

The Roadmap, which forms part of CareSuper’s responsible investment strategy, is designed to manage climate-related investment risks and opportunities to deliver members strong long-term returns.

Cr Linda Scott, Chair of CareSuper, said the Fund was proud to release its Roadmap following its decision to commit to net zero by 2050. 

“As an investor with over $20 billion in assets and 220,000 members, CareSuper has an important role to play in supporting the world’s transition to net zero.

“Our Roadmap focuses on building resilience by decarbonising our investment portfolio and leveraging our position as a long-term investor to drive emissions reduction.

“We’re targeting a 45% reduction in scope 1 and 2 carbon emissions across our portfolio by 2030, and this is in line with best practice portfolio management and the Australian Government’s new 2030 target to reduce greenhouse gas emissions by 43%.* 

Suzanne Branton, Chief Investment Officer, added, “Our strategy is based on seeking emission reductions in the real-world, so we’ll be advocating for strong action on climate change by working with our investment fund managers and engaging with companies through the Australian Council of Superannuation Investors and Climate Action 100+ to help influence the level of systemic change that’s required to meet our net zero commitment.

“We’re also looking for new investment opportunities that are expected to do well from the transition to a low-carbon economy. “We’re excited by the commercial opportunities for the Fund to invest in new climate transition-related opportunities both here in Australia, and overseas.

‘Our current low carbon investments include shares and infrastructure asset classes and go beyond the widely recognised opportunities in renewables such as wind and solar to include things like the electrification of transport and smart energy grids. 

“We’ve set a target to invest at least 3% of total funds under management (FUM) in climate transition-related opportunities by 2030.

“We’ll continue to actively search for new opportunities that support the decarbonisation of our portfolio without compromising long-term investment returns for our members.

“We look forward to keeping our members informed of our progress through future news updates and our climate report, which will be published annually commencing from 2024.” 

You can find out more about CareSuper’s Net Zero Roadmap at