Cbus welcomes appointment of Stephen Dunne as Chair of Investor Group on Climate Change

Cbus, Australia’s leading building and construction industry super fund, has welcomed the appointment of Cbus Director and Investment Committee Chairmen Stephen Dunne as chair of the Investor Group on Climate Change (IGCC).

Cbus CEO David Atkin said that Cbus was excited by Mr Dunne’s appointment to the body representing institutional investors with combined holdings of over $2 trillion dollars in assets.

“Stephen Dunne is an outstanding corporate leader and Cbus benefits greatly from his experience and knowledge,” Mr Atkin said.

“Stephen Dunne understands the importance of a just transition to a low carbon future and has a keen eye for the investment opportunities that will accompany this transition.

“We view investment in climate action as an opportunity to improve long-term returns for our members.

“I have no doubt that Stephen will make an important contribution to investor advocacy and action on climate change.”

Mr Dunne said that he looked forward to taking on the role of Chair for the IGCC and contributing more to investor advocacy and action on climate change.

“Climate change is the defining issue of our time. Investors, and capital markets, are at the heart of our ability to bring down emissions and build resilience to the physical effects already locked in by global warming,” he said.

“We know through our experience at Cbus that climate action means better returns for our members. It’s why we are moving our property portfolio to zero net emission by 2030.

“Through my long association with IGCC, I know that they have a unique ability to represent investors on climate change in the policy world and catalyse accelerated action in the real economy.

“I would like to thank my predecessor Mr Frank Pegan for his many years of strong support for IGCC, and the work he has done to grow IGCC from an idea to an influential industry voice on climate change”, said Mr Dunne.

Mr Dunne will continue as a Cbus director and Chair of the Cbus Investment Committee during his IGCC chairmanship.

About Stephen Dunne

Prior to joining Cbus, Stephen spent over 30 years working in investment management, culminating in his appointment as CEO of AMP Capital Investors in 2004. His experience extends both domestically and internationally.

Stephen is a Chartered Financial Analyst, is a Senior Fellow of the Financial Services Institute of Australasia (Finsia) and is also a Fellow of the Australian Institute of Company Directors (AICD).

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