According to Vision Super’s 2017 Corporate Responsibility Report, the Sustainable Option “specifically seeks to invest in companies that are considered sustainability leaders and avoid companies with material exposure to controversial weapons, fossil fuel exploration and production.”
Also, “100% of the equity allocation managed to a low-carbon benchmark.”
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Calling for Paris-alignment
Vision Super has not demonstrated any evidence that it has called on any specific company to alter its strategy to bring it into line with the climate goals set out in the Paris Agreement. Vision has had multiple opportunities to do just that by voting on shareholders resolutions calling on companies including Whitehaven Coal, QBE and Rio Tinto to align with Paris, but the fund voted against all of these resolutions.
Vision Super is a member of the Climate Action 100+, which aims to encourage 100+ emissions-intensive companies to “Take action to reduce greenhouse gas emissions across their value chain, consistent with the Paris Agreement’s goal of limiting global average temperature increase to well below 2-degrees Celsius above pre-industrial levels.”
Scenario analysis
Vision Super has not disclosed any climate change scenario analysis. The fund is reportedly “working towards a detailed plan to becoming carbon neutral by 2050, which will include divesting from companies involved in mining and extraction, transportation, consumption of coal, oil and gas.”
Climate voting record
Vision Super discloses its proxy voting decisions after each financial year. The fund voted FOR 73% of the climate-related resolutions it has disclosed since 2017.
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