JANA says it ‘will not recommend any AMP Capital strategies to clients or recommend that clients add to existing investments’ due to concerns over the firm’s decision-making and culture.
The A$52 billion industry superfund has set a target to achieve net zero emissions in its portfolio by 2050, as part of a broader Climate Change Transition Plan.
Infrastructure assets are ‘particularly susceptible’ to community distrust and social licence should be considered at all stages of a project to combat this, says a report by think-tank Infrastructure Partnerships Australia.