Cbus Growth (MySuper)

This investment option’s exposure to the Climate Wreckers Index:
Holdings disclosure date Exposure to Climate Wreckers Index (% listed equities)
31 December 2022 7.2%

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.

Portfolio holdings disclosures sourced from:
https://www.cbussuper.com.au/

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Coal exclusion policy

Cbus’ stranded asset framework considers carbon intensity, and states “A penalty weighting is applied to companies that have high operational and product climate risk, whilst companies with exposure to asset stranding are constrained to zero weight”. Applies to 20.5% of equities. This will have caused some reduction in investments in coal companies (see pg 15 MSCI Methodology for more information).

Oil & gas exclusion policy

Cbus’ stranded asset framework considers carbon intensity, and states “A penalty weighting is applied to companies that have high operational and product climate risk, whilst companies with exposure to asset stranding are constrained to zero weight”. Applies to 20.5% of equities. This will have caused some reduction in investments in oil and gas companies (see pg 15 MSCI Methodology for more information).

Coal divestment action

Cbus’s stranded asset framework will have caused some reduction in investments in coal companies.

Oil & gas divestment action

Cbus’s stranded asset framework will have caused some reduction in investments in oil and gas companies.

Climate voting record

Cbus discloses all proxy voting activity 7 days after each company meeting. The fund has supported 52% of climate-related resolutions from 2017 to 2020.

Voting information last updated: September 2021


Fund information

Fund type: Industry

Assets under management (AUM): $72.6 billion

Members accounts: 870,000

Fund information accurate as at: 30/06/2022

Source: APRA

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