Construction and mining industry super fund puts carbon-intensive companies on notice

Cbus superannuation expands pledge to hit zero emissions by 2050 across its entire portfolio

Construction and mining industry super fund Cbus says it will slash emissions from its investments by 45% within the next 10 years, putting carbon-intensive companies on notice that they will need to demonstrate how they will cut greenhouse gas emissions in order to stay within the fund's $54bn portfolio.

Cbus has also expanded an existing pledge to hit the Paris agreement target of zero emissions by 2050 in its property and infrastructure investments to cover its entire portfolio.