Equip the first fund to join Clean Energy Council
Superannuation | 29/01/2018 |
2 min read
Equip has just become the first super fund to join the Clean Energy Council, the peak body for Australia’s clean energy industry.
Joining the Clean Energy Council enables us to actively engage with the conversation in the energy community about managing an effective transition from traditional power generation to renewables. Many of our existing contributing employers are CEC members and among Australia's leading investors in the renewable sector.
With investment into renewable technology and generation gaining momentum, Equip supports a transition that takes into account impacts on employment, communities and maintenance of power supply, as well as on climate and environment.
Just as importantly, our CEC membership will also enable us to maintain our connection with many members who are providing in-demand technical and management expertise across the full spectrum of companies involved in energy generation, distribution and retailing.
The importance of close connection with employers and members was underscored in 2017 by the closure of the Hazelwood power station in Victoria’s Latrobe Valley. Working closely with the employer, we were able to rapidly deploy our employer and member relations teams and financial planners to provide ready access in the workplace to information, advice and support for every member affected by the event.
Equip is the natural industry fund for the energy sector, having been established in 1931 as the State Electricity Commission of Victoria. It was in the late 1990s that the fund was renamed Equip following the privatisation of the SECV’s power and utilities operations and the addition of Melbourne's metropolitan water utility companies to the fund.
Our engagement with the Clean Energy Council will also help build awareness of our fund among new entrants to the sector.
You can find more information on the Clean Energy Council and its membership here.