UniSaver investment options already have a reduced exposure to carbon and an increased exposure to renewables relative to benchmark due to an allocation to the Russell Investments Sustainable Global Shares Fund (read more here [external link]). We aim to introduce a new investment option on 1 May 2025 that takes this a step further. The new option – called Growth (Lower Carbon) – would be invested 80% in an equity fund that, relative to the fund index, targets a reduction in carbon exposure, an increase in exposure to renewable energy and the exclusion of companies with fossil fuel reserves or a significant involvement in fossil fuel activities. The balance of your investment would be in global bonds. Growth (Lower Carbon) is intended as an alternative to our current Growth option and is designed for members with a long investment horizon. It will appeal to members interested in a lower carbon investment option with a greater focus on renewable energy. It will help our planning to have an indication of interest from members in switching to the new option. Get in touch or ask questions about the new option using the ‘register your interest’ link below.

• Register your interest [external link] in switching to Growth (Lower Carbon)
• Read more [external link] about the new option