Australian Pension Giant Swaps Government Bonds for Green Debt – Bloomberg

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Conscious Tremendous Pty., considered one of Australia’s largest pension funds, will make investments as much as A$1 billion ($732 million) in inexperienced or sustainability-linked bonds by year-end, an preliminary transfer that may pave the way in which to decarbonize its mounted revenue portfolio. 

The A$150 billion agency will make investments A$500 million to A$1 billion in bonds that assist plans to scale back emissions and different social initiatives, stated Conscious Tremendous Head of Fastened Earnings Michael Clavin. The purchases might be funded by trimming its Australian authorities debt holdings. 

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