Commonwealth Super Corp discloses Military Super Balanced’s top 100 Australian and top 100 international shareholdings. At least 15% of CSS’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement, including Whitehaven Coal, Woodside, Santos, Oil Search and Origin Energy.
Commonwealth Super Corp has no explicit fossil fuel exclusions, so this option is likely to be invested in more coal, oil and gas companies than those disclosed.
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Calling for Paris-alignment
Commonwealth Super Corp 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. CSC had the opportunity to do just that at Whitehaven Coal’s October 2018 Annual General Meeting. However, the fund has not told members how it voted on a resolution expressing an opinion that Whitehaven’s strategy should align with the Paris climate goals.
Scenario analysis
Commonwealth Super Corp has not disclosed any climate change scenario analysis. The fund does review the carbon footprint of its equities portfolios.
Climate voting record
Commonwealth Superannuation Corp only discloses an aggregated voting record, so we do not know how the fund voted on specific climate change-related resolutions.
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