Catholic Super CEO Frank Pegan Joins Over 200 World Leaders Committed to Climate Change

Catholic Super’s CEO and Investor Group on Climate Change (IGCC) Chair Frank Pegan is in Le Bourget, France to represent Australia and New Zealand at the United Nations Climate Change Conference COP21 and pledge support from institutional investors for comprehensive climate policies.

Last night he attended the COP21 event along with over 200 world leaders to deliver a global commitment to climate change. The Prime Minister of New Zealand led a discussion on the cost of the fossil fuel subsidy which is estimated to be around $500B according to the International Energy Agency (IEA) and the removal of this subsidy would significantly address climate as change.

Frank is in Paris to promote the role of the institutional investor role in transition to a low carbon economy. He will be showcasing Catholic Super investment practices and how investors can influence regulators, companies and others in the financial sector to align incentives in favour of a low carbon and climate resilient economy.

Catholic Super is one of Australia's leading superannuation funds and a recognised global leader in the pursuit of investment opportunities that support the move to lower carbon reliance and a more resilient economy. As Catholic Super's CEO Frank is passionate about the global transition away from carbon in order to provide economic, social and environmental benefits for the world's population.

Last year in his capacity of Chair of the IGCC, Frank addressed world leaders at the UN Climate Summit in New York, calling for bold and consistent policies for global capital markets.

To date Catholic Super has invested over half a billion dollars in environmentally sustainable client solutions.

"For Catholic Super, our investment approach is pragmatic and from the outset is about risk and achieving returns for our members. We invest in opportunities that meet return requirements whilst also supporting the low carbon transition," said Catholic Super CEO Frank Pegan.

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