REST Core Strategy

This investment option’s exposure to the Climate Wreckers Index:
Holdings disclosure date Exposure to Climate Wreckers Index (% listed equities)
31 December 2022 9.5%

The Climate Wreckers Index is made up of the 190 publicly-listed companies from all over the world with the biggest plans to expand the scale of the fossil fuel industry. Specifically, the list includes:

  • The top 60 oil and gas producers by expansion plans
  • The top 60 coal miners by expansion plans and coal reserves
  • The top 30 companies by new gas power plant development plans
  • The top 30 companies by new coal power plant development plans
  • The top 10 companies by liquefied natural gas (LNG) import and export terminal development plans

Together, these companies are planning new coal, oil and gas projects that could add the equivalent of almost 230 years of Australia’s national annual emissions! Take action and tell your fund to ditch all companies expanding the scale of the fossil fuel industry.

View the methodology for calculating exposure to the Climate Wreckers Index here.

Portfolio holdings disclosures sourced from:
https://www.rest.com.au/

TAKE ACTION

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Coal exclusion policy

Rest’s Net Zero Roadmap states: “By 31 December 2021, exclude listed companies with more than 10% of revenues derived from thermal coal mining, unless the company has a credible net zero by 2050 target or is signed up to the science-based targets.”

Oil & gas exclusion policy

None

Coal divestment action

Rest has divested from some thermal coal mining companies, like Whitehaven Coal and New Hope.

Oil & gas divestment action

None

Climate voting record

REST discloses its proxy voting for Australian companies after each financial year. The fund voted FOR just 19% of the climate-related shareholder resolutions it has disclosed from 2017 to 2020.

Voting information last updated: September 2021


Fund information

Fund type: Industry

Assets under management (AUM): $67.2 billion

Members accounts: 1,923,000

Fund information accurate as at: 30/06/2022

Source: APRA

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