Senate debates

Tuesday, 28 October 2014

Motions

Future Fund

4:10 pm

Photo of Christine MilneChristine Milne (Tasmania, Australian Greens) Share this | | Hansard source

I move:

That there be laid on the table by the Minister representing the Treasurer (Senator Cormann), no later than noon on 24 November 2014, a copy of the Future Fund's analysis of risks posed by climate impacts and 'unburnable carbon' to its portfolio, through the Asset Owners Disclosure Project 2014 survey.

Photo of Mitch FifieldMitch Fifield (Victoria, Liberal Party, Assistant Minister for Social Services) Share this | | Hansard source

I seek leave to make a short statement.

Photo of Stephen ParryStephen Parry (President) Share this | | Hansard source

Leave is granted for one minute.

Photo of Mitch FifieldMitch Fifield (Victoria, Liberal Party, Assistant Minister for Social Services) Share this | | Hansard source

The government does not support this motion. The Future Fund did not provide a response to the Asset Owners Disclosure Project survey in 2014. The Future Fund has not participated in previous years' surveys; this is on the public record. The Future Fund incorporates consideration of environmental, social and governance risks into its investment decision-making. This is done through its ownership rights and environmental, social and governance risk management policy and through the external investment managers responsible for specific investment decisions.

Question agreed to.