Australian share investments
Local Government Super discloses its top 30 Australian and top 30 international shareholdings online. From this limited information, we know at least 7% of the Balanced Growth option’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement, including BHP and Oil Search.
Known fossil fuel exclusions
Local Government Super states: “We will not actively invest in companies that derive 33.3% or more of their revenue from: High carbon sensitive activities — including coal mining, oil tar sands and coal-fired electricity generation.”
General fund information
Fund type: Industry
Assets under management: $12.6 billion
Date as at 31/08/2020
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