Hostplus does not disclose any explicit fossil fuel exclusions for the SRI Balanced option, but states: “This option… seeks to limit exposure to companies which have a material exposure to the most carbon intensive fossil fuels.”
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Calling for Paris-alignment
Hostplus 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. Hostplus had the opportunity to do just that at Whitehaven Coal’s October 2018 Annual General Meeting, but the fund has not disclosed how it voted on a resolution expressing an opinion that Whitehaven’s strategy should align with the Paris climate goals.
Hostplus discloses all of its proxy voting decisions every six months. The fund voted for just 8 of the 40 climate-related resolutions it voted on in 2017 and 2018 (20%), with all of those votes coming in 2018.
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