Rest Increases Impact Investment with Cibus Fund Allocation

credit: USACE on Flickr

One of the world's biggest superannuation funds has taken a stand against climate change by investing in sustainable agriculture.

Australia's Commonwealth Bank has pumped $100 million into Cibus Fund II, which focuses on sustainable farming, practices, and companies, reports the Sydney Morning Herald.

"As a super fund representing one in five young Australians, we believe impact investing represents a powerful opportunity for us to grow our members, while helping to build a more sustainable future," says Leilani Weier, head of responsible investment and sustainability at the bank, which has around $80 billion in assets.

Cibus Capital, an investment adviser to the fund, says it plans to use the money to invest in "state-of-the-art glasshouse tomato producer undertaking work expected to form the basis for a platform focused on the production of year-round produce in renewable energy powered facilities," per the Guardian.

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