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.
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.
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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