Commonwealth Super Corp PSS Default

This investment option’s exposure to the Climate Wreckers Index:
Holdings disclosure date Exposure to Climate Wreckers Index (% listed equities)
31 December 2022 11.5%

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.csc.gov.au/

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Coal exclusion policy

CSC excludes investment in “…undiversified companies that derive 70% or more of their revenue from thermal coal production/extraction.”

Oil & gas exclusion policy

None

Coal divestment action

CSC has divested from some thermal coal mining companies in both active and passive holdings. This divestment activity received media coverage in March 2021.

Oil & gas divestment action

None

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.

Voting information last updated: September 2021


Fund information

Assets under management (AUM): $50 billion

Members accounts: 682,000

Fund information accurate as at: 30/06/2022

Source: 2022 Annual Report

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