The previous short article in our series on Sustainable Investing 2.0 provided an overview of National Treasury’s 2021 technical paper, Financing a sustainable economy. This article considers why sustainable investment is relevant to retirement funds –and the role these funds can play in addressing climate change, which poses a serious financial risk to retirement fund investments. However, given retirement funds’ ability to influence capital allocation, it also means that retirement funds are able to play a meaningful role in society’s transition to a low-carbon economy.