This option does not have explicit fossil fuel exclusions, but Catholic Super states: “The managers in this option were chosen because they are global leaders among their peers in terms of integrating sustainability into their decisions, or the underlying assets inherently generate environmental or social benefits.”
Looking at this option’s shareholdings, it appears this investment strategy effectively rules out investment in fossil fuel companies.
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Calling for Paris-alignment
The PositiveIMPACT option doesn’t invest in Whitehaven Coal, so members in this option would not have had votes cast on their behalf on a resolution expressing the opinion that Whitehaven’s strategy should align with the Paris climate goals.
With investments in Whitehaven through other options, Catholic Super voted against a resolution expressing an opinion that Whitehaven’s strategy should align with the Paris climate goals.
Scenario analysis
Catholic Super has not disclosed any climate change scenario analysis.
Climate voting record
Catholic Super only discloses its proxy voting record for Australian companies well after the end of the calendar year. The fund voted for just 29% of the climate-related shareholder resolutions it has disclosed since 2017.
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