Together with Forsyth Barr, WCF has produced a ‘Combined Commitment’ which ties us together in a partnership that commits us both to support the Fund’s investment portfolio to be aligned with net zero emissions by 2050 or sooner.

We acknowledge that there is an urgent need to accelerate the transition towards global net zero carbon emissions. The choices and actions we take within this investment portfolio can enable us to play our part in helping to deliver New Zealand’s commitments to the Paris Agreement.

In summary, the Combined Commitment commits Forsyth Barr and Wellington Community Fund to:

• Keep the weighted average carbon intensity and financed emissions of the portfolio low;
• Intentionally increase investment in climate action solutions that also meet WCF’s investment objectives;
• Work in partnership with industry peers and portfolio companies to have credible decarbonisation strategies.

The full commitments of the Combined Commitment can be found here.

Further information on the judgements and assessments made which inform this Commitment can be found here.