First State Super Socially Responsible Investments
Australian share investments
18%
81%
1%
%
First State Super discloses all equities holdings within its SRI option. 1% of this option’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement: Mineral Resources and Seven Group Holdings. This option also invests in many companies that need to demonstrate their alignment with the Paris climate goals.
First State Super is a member of the Climate Action 100+, which aims to encourage 100+ emissions-intensive companies to “Take action to reduce greenhouse gas emissions across their value chain, consistent with the Paris Agreement’s goal of limiting global average temperature increase to well below 2-degrees Celsius above pre-industrial levels.”
Scenario analysis
As part of its 2016 Climate Change Adaptation Plan, First State Super disclosed a “high-level portfolio risk assessment,” which analysed a range of potential climate change scenarios. This analysis provided a discussion of potential climate risks and responses, but no quantitative data.
Climate voting record
First State Super discloses its proxy voting decisions annually. The fund supported 29% of the climate-related resolutions it has disclosed across 2017 and 2018.
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