We’ve launched a new, targeted campaign just for you at UniSuperDIVEST.org.
As the super fund for Australia’s academics, scientists, researchers and university employees, UniSuper should be leading investor action on climate change. Instead, the fund continues to invest billions of dollars of members’ retirement savings in fossil fuel companies that are driving the climate crisis.
Australian share investments
UniSuper discloses all shareholdings for the Sustainable Balanced option. None of this option’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement.
Known fossil fuel exclusions
Regarding the Sustainable Balanced option, UniSuper states: “We exclude companies that fall under the following GICS classifications: utilities, coal miners, energy, oil and gas explorers, diversified metals and miners. We then review the stocks on a case-by-case basis to determine exposure to fossil fuels (not all diversified metals and mining companies have fossil fuel exposure). We consider utilities for investment if they’re largely involved in renewable energy—provided they derive less than 30% of energy generation from natural gas only (excluding any coal generation).”
General fund information
Fund type: Industry
Assets under management: $85.5 billion
Date as at 31/12/2020
Use the form below to tell your fund
to lift its game on climate action!