Cbus is the industry superannuation fund for the building, construction and allied industries. As one of Australia’s largest super funds, we provide superannuation and income stream accounts to more than 761,000 members and we manage over $54 billion of our members’ money (as at 30 September 2019). Our members include workers and retirees, their families and employers.
“Certification is consistent with our approach to responsible investment, importantly in relation to climate change. ”
Type of certification
How long have you been certified carbon neutral?
Certified in 2019.
Why are you carbon neutral?
Carbon neutrality ensures the fund is operating in a manner consistent with our approach to responsible investment, specfically in relation to climate change.
What are the benefits of your carbon neutral certification?
Certification is consistent with our approach to responsible investment, importantly in relation to climate change, It also allows us to lead the industry by example, reduce bills and increase staff engagement.
What offset projects do you support?
We have invested in Nongyai Wastewater Treatment in Thailand and Yinxin Waste Heat Energy Project, China.
Why did you choose these projects?
Nongyai Wastewater Treatment, Thailand: The project helps to reduce the company’s dependence on fossil fuels by providing a local source of clean, renewable energy. The project supports sustainable development by creating new jobs and income opportunities through local vendors.
Yingxin Waste Heat Energy, China: The company has implemented a modern waste-heat recovery system, reducing reliance on an energy intensive, fossil fuel process. This waste-heat generates clean electricity for the company, displacing electricity generated from grid-connected fossil fuel powered plants.
Both projects are aligned with Cbus’s approach to responsible investment, including climate change.
20 per cent of Cbus’ offsets are bundled with biodiversity credits from a revegetation project in the Annya State forest in Western Victoria.
What else are you doing to reduce emissions?
Additional emissions reduction activities include:
- investing in video conferencing facilities, rather than business travel;
- developing a paper-use reduction strategy;
- alignment with providers who offer carbon reduction products and services.