LGIAsuper discloses its top 20 Australian and top 20 international shareholdings across the entire fund, but does not disclose which companies are held in, or excluded from, the SR Balanced option. Therefore, we can’t tell how much of this option’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement,
This option does not appear to have any explicit fossil fuel exclusions, but “takes into account socially responsible/ ethical criteria when investing.”
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Calling for Paris-alignment
LGIAsuper 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. LGIA likely had the opportunity to do just that at Whitehaven Coal’s October 2018 Annual General Meeting, but the fund has not disclosed how its votes were case on a resolution expressing an opinion that Whitehaven’s strategy should align with the Paris climate goals.
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