Exposure to Climate Wreckers Index (% listed equities)
30 June 2022
31 December 2021
The Climate Wreckers Index is made up of the 180 publicly-listed companies from all over the world with the biggest plans to expand the scale of the fossil fuel industry. Specifically, the list includes:
The top 60 oil and gas producers by expansion plans
The top 60 coal miners by expansion plans and coal reserves
The top 30 companies by new gas power plant development plans
The top 30 companies by new coal power plant development plans
Together, these companies are planning new coal, oil and gas production and power generation projects that could add the equivalent of almost 200 years of Australia’s national annual emissions! Take action and tell your fund to ditch all companies expanding the scale of the fossil fuel industry.
View the methodology for calculating exposure to the Climate Wreckers Index here.
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Coal exclusion policy
Active Super’s ESG policy states that it does not “…contribute funds to companies who achieve more than a third of their earnings from carbon-intensive activities, like coal mining, oil tar sands and coal-fired electricity generation.”
Oil & gas exclusion policy
Active Super excludes oil tar sands companies from its portfolio. The fund also states: “…the Board recently approved more restrictions on investments in oil and gas. This will further reduce our holdings in this sector as we progressively decarbonize our portfolio. While the list of additional oil and gas restrictions is confidential, we can confirm that it included around 30 companies in Australia and overseas.”
Coal divestment action
Active Super’s policy is portfolio wide, meaning that it covers both active and passive holdings. This excludes thermal coal producers Whitehaven Coal and New Hope, as well as coal power generators like AGL Energy.
Oil & gas divestment action
Active Super’s oil and gas restrictions will have reduced the fund’s investment exposure to companies expanding the oil and gas industry, but the specific impact these restrictions have had on the fund’s portfolio has not been disclosed.
Climate voting record
Active Super discloses all of its proxy voting decisions in real time. The fund has supported 70% of climate-related shareholder resolutions from 2017-2020.
The information provided by Market Forces does not constitute financial advice. The information is presented in order to inform people motivated by environmental concerns and take actions based on those concerns. Market Forces is organising data for environmental ends.
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