Exposure to Climate Wreckers Index (% listed equities)
30 June 2022
31 December 2021
The Climate Wreckers Index is made up of the 180 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
Together, these companies are planning new coal, oil and gas production and power generation projects that could add the equivalent of almost 200 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.
Use the form below to tell your fund to lift its game on climate 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
Coal divestment action
Rest has divested from some thermal coal mining companies, like Whitehaven Coal and New Hope.
Oil & gas divestment action
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.
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