UniSuper Balanced

This investment option’s exposure to the Climate Wreckers Index:
Holdings disclosure date Exposure to Climate Wreckers Index (% listed equities)
31 December 2022 10.9%

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:


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Coal exclusion policy

UniSuper excludes “…companies that generate greater than 10% of their revenues from thermal coal mining.”

Oil & gas exclusion policy


Coal divestment action

UniSuper divested from some thermal coal mining companies, including Whitehaven Coal and New Hope in August 2020.

Oil & gas divestment action

Analysis of UniSuper’s 2021 Climate Risk and Our Investments report shows that Woodside Petroleum and Oil Search have dropped out of UniSuper’s list of ‘portfolio companies’, meaning they’re no longer in the fund’s top 50 Australian holdings, and exposure to these companies appears to only be through passive investments. However, Santos now sits within the top 30 listed equities holdings of this investment option as at 30 April 2022.

Climate voting record

UniSuper discloses its proxy voting decisions for all Australian companies, and its top 100 international holdings, every 6 months. The fund supported 28% of the climate-related shareholder resolutions it has disclosed from 2017 to 2020, although none of those votes in favour have been cast at Australian companies.

Voting information last updated: September 2021

Fund information

Fund type: Industry

Assets under management (AUM): $103.4 billion

Members accounts: 526,000

Fund information accurate as at: 30/06/2022

Source: APRA

Latest news about super

17 April, 2024
Super funds are (so far) failing to vote for greater climate action this year
25 March, 2024
Big coalition of civil society organisations put AustralianSuper on notice
13 March, 2024
New Analysis: Top super funds abandoning major fossil gas producers
12 March, 2024
HESTA puts the heat on Woodside by seeking board renewal

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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