The New Zealand Superannuation Fund is backing a global investment study to better assess the risks and and opportunities associated with climate change.
The British-based, global investment consulting firm, Mercer, is analysing the investment risks and returns under various climate change scenarios, with the support of global fund managers, including the New Zealand fund.
With total assets under management of $US1.5 trillion the group wants to better understand the scientific and policy issues around climate change and how they will impact investment decision-making now and in the future.
The New Zealand fund, which was set up to make investments to help pay for New Zealanders' future superannuation entitlements, was valued at $26.8 billion at the end of August.
Super Fund chief executive, Adrian Orr, said the Mercer project will help it plan its investment strategies.
He said that, as an inter-generational investor, the fund needs to understand the investment risks and opportunities associated with climate change.
The results of the study are expected to be published early next year.