This option excludes “all companies that source more than 20% of their operational revenue from coal, oil and gas and/or any mining company that derives more than 20% of their energy consumption from coal, oil and gas.”
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Calling for Paris-alignment
Media Super 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. Media Super has had multiple opportunities to do just that by voting on shareholders resolutions calling on companies including Whitehaven Coal, Rio Tinto, and QBE to align with Paris, but the fund has not disclosed any support for these resolutions.
Media Super discloses how each of its investment managers voted on Media Super’s behalf at Australian companies. The fund voted for 40% of the climate-related shareholder resolutions it has disclosed since 2017.
The information provided by Market Forces does not constitute financial advice. The information is presented in order to inform people motivated by environmental concerns and take actions based on those concerns. Market Forces is organising data for environmental ends.
The information and actions provided by Market Forces do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice.
Market Forces recommends all users obtain their own independent professional advice before making any decision relating to their particular requirements or circumstances. Switching super funds may have unintended financial consequences.
For more information about Market Forces, please visit the about page of the site. To see how we profile super funds go to the methodology page.
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