Exposure to Climate Wreckers Index (% listed equities)
31 December 2022
0%
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
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 companies expanding the coal industry.
Oil & gas exclusion policy
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 companies expanding the oil and gas industry.
Coal divestment action
This option has no investments in companies expanding the coal industry.
Oil & gas divestment action
This option has no investments in companies expanding the oil and gas industry.
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 between 2017 and 2020. Please note that Catholic Super has only disclosed 17 climate-related votes in 2018 and 2020 combined.
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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