Australian share investments
AustralianSuper discloses all of its investment holdings. 2% of the Socially Aware option’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement, including Ampol and Mineral Resources.
Known fossil fuel exclusions
This option excludes companies that directly own reserves of coal, oil or gas. However, “the option can still invest in companies that invest in, provide services to, or buy, process or sell products from the excluded companies.” Mineral Resources owns oil and gas reserves in Western Australia, so should be excluded by this criteria, yet the fund still invests in Mineral Resources.
General fund information
Fund type: Industry
Assets under management: $191.4 billion
Date as at 30/06/2020
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