For a fresh perspective on the stories that matter for Australian business and politics, sign up for our weekly newsletter . Robeco Institutional Asset Management BV will soon start pressuring Australia to phase out its reliance on coal and other natural resources, as money managers slowly begin targeting governments over climate change. Australia has a “particularly high-risk profile” when it comes to climate performance, said Peter van der Werf, the Dutch firm’s senior manager of engagement and active ownership. As global investors implement plans to decarbonize portfolios by mid-century, Australia’s lawmakers must follow suit, he said in an interview. Cutting back on natural resources “are very hard decisions because these are obviously very important sources of revenue for the Australian economy,” Rotterdam-based Van der Werf said. “That’s where in those conversations, institutional investors can also provide a perspective how they would foresee such a transition to take place.” Unlike […]