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
This option excludes any company which: “…owns fossil fuel (thermal coal, metallurgical coal, oil and gas) reserves [and] derives revenue from power generation from thermal coal, oil and gas, [and] the leasing, mining and processing of coal and coke.”
Oil & gas exclusion policy
This option excludes any company which: “…owns fossil fuel (thermal coal, metallurgical coal, oil and gas) reserves [and] derives revenue from oil and gas exploration, production and related activities (pipeline transportation, refineries, and oil and gas equipment and services, [and] power generation from thermal coal, oil and gas.”
Coal divestment action
This option excludes investment in companies expanding the coal industry.
Oil & gas divestment action
This option should exclude investment in companies expanding the oil and gas industry. However, it invests in two companies building new gas power plants (Mitsubishi and Siemens).
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.
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.
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