Key: Fine
Work to do
Borderline
Out of line
Not Disclosed
4%
33%
3%
10%
50%
CareSuper only discloses the top 20 Australian and top 20 International shareholdings for the fund as a whole, leaving the majority of balanced option’s share investments are hidden from members. At least 10% of the MySuper Balanced option’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement, including BHP, Origin Energy, and Aurizon.
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Calling for Paris-alignment
CareSuper has not demonstrated any evidence that it has called on any specific company to alter its strategy to bring it into line with the climate goals set out in the Paris Agreement. CareSuper has had multiple opportunities to do just that by voting on shareholders resolutions calling on companies including Whitehaven Coal, Rio Tinto, Santos, Woodside and QBE to align with Paris, but the fund has voted against all of these resolutions.
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.
The information and actions provided by Market Forces do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice.
Market Forces recommends all users obtain their own independent professional advice before making any decision relating to their particular requirements or circumstances. Switching super funds may have unintended financial consequences.
For more information about Market Forces, please visit the about page of the site. To see how we profile super funds go to the methodology page.
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