Spirit Super Balanced MySuper

This investment option’s exposure to the Climate Wreckers Index:
Holdings disclosure date Exposure to Climate Wreckers Index (% listed equities)
31 December 2022 8.8%

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://spiritsuper.com.au/

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Coal exclusion policy

Spirit Super has set targets to cut its “…attributable CO2 emissions by 50%” and its “…attributable fossil fuel reserves by 50%” by 2030.

Oil & gas exclusion policy

Spirit Super has set targets to cut its “…attributable CO2 emissions by 50%” and its “…attributable fossil fuel reserves by 50%” by 2030.

Coal divestment action

The fund’s target to achieve a 50% reduction in both emisisons and fossil fuel reserves across its portfolio by 2030 should reduce investment exposure to coal companies, but no current divestment impact of this target has been disclosed.

Oil & gas divestment action

The fund’s target to achieve a 50% reduction in both emisisons and fossil fuel reserves across its portfolio by 2030 should reduce investment exposure to oil and gas companies, but no current divestment impact of this target has been disclosed.

Climate voting record

Spirit Super was formed after the merger between MTAA Super and Tasplan Super in April 2021. MTAA only disclosed its proxy voting for Australian companies. The fund voted FOR just 20% of the climate change-related resolutions it has disclosed from 2017 to 2020. Tasplan Super voted FOR just 5% of the climate change-related resolutions it has disclosed from 2017 to 2020.

Voting information last updated: September 2021


Fund information

Fund type: Industry

Assets under management (AUM): $25.7 billion

Members accounts: 331,000

Fund information accurate as at: 30/06/2022

Source: APRA

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