Exposure to Climate Wreckers Index (% listed equities)
31 December 2022
10.3%
The Climate Wreckers Index is made up of the 190 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
The top 10 companies by liquefied natural gas (LNG) import and export terminal development plans
Together, these companies are planning new coal, oil and gas projects that could add the equivalent of almost 230 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
None
Oil & gas exclusion policy
None
Coal divestment action
AustralianSuper announced in November 2020 that it had divested from Whitehaven Coal, and all active exposure to thermal coal companies. The fund’s list of investment holdings doesn’t appear to contain any thermal coal mining companies, including Whitehaven and New Hope. However, AustralianSuper continues to invest in companies that generate revenue from coal-fired power, including AGL Energy and Origin Energy.
Oil & gas divestment action
According to AustralianSuper’s investment holdings disclosure, this option has minimal exposure to pure play oil and gas producers (such as Woodside Petroleum and Santos), indicating these companies have been removed from the fund’s active holdings.
Climate voting record
AustralianSuper discloses all of its Australian proxy voting decisions quarterly, and international votes annually. The fund supported 47% of the climate-related resolutions it voted on from 2017 to 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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