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In brief: Australian superannuation funds address biodiversity loss

The Australian Council of Superannuation Investors – representing $1trn in managed assets – calls on members to map biodiversity impact across portfolios.

The Australian Council of Superannuation Investors, which represents more than $1 trillion in managed assets, is calling on its superannuation fund members to map biodiversity risks across their portfolios.

The ACSI released a report last week “explaining how biodiversity-related risks manifest” and providing recommendations for investors on how to measure and manage these risks.

Among other recommendations, it advises investors to prepare to align their portfolios to the Taskforce on Nature-Related Financial Disclosures framework. The TNFD, which is endorsed by the G7 finance ministers and the G20 sustainable finance roadmap, is developing a framework for investors to disclose financially material risks and opportunities related to biodiversity loss.