Fossil fuel-free superannuation fund Future Super, founded by former GetUp national director Simon Sheikh, has become 'climate neutral' by purchasing carbon offsets for its investment portfolio.
In a statement released on Friday, Future Super claimed it has become the "world's first climate neutral pension fund" by offsetting its carbon exposure. Future Super used Zurich-based carbon analytics and offsetting firm South Pole Group to compensate for the emissions in its portfolio. The carbon footprint of Future Super's investments, as at 30 June 2015, is 7.5 times less than the carbon footprint of the Australian Securities Exchange, said the statement. Mr Sheikh said South Pole Group's analysis shows that switching from a mainstream super fund to Future Super is one of the most significant things Australians can do to reduce their personal carbon footprint.