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.
Use the form below to tell your fund to lift its game on climate action!
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Coal exclusion policy
Vision Super excludes companies that generate more than 25% of revenue from the mining of thermal coal. 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” and “100% of the equity allocation managed to a low-carbon benchmark.”
Oil & gas exclusion policy
Vision Super released an updated ESG policy in June 2021, restated in December 2021, which notes partial divestment from oil and gas companies. The policy states “Vision Super will not invest in companies that derive material revenue from oil and/or gas extraction where such investments are directly held,” meaning that the policy applies only to the fund’s active holdings (as opposed to its passive holdings). 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” and “100% of the equity allocation managed to a low-carbon benchmark.”
Coal divestment action
This option excludes some thermal coal mining companies, like Whitehaven Coal and New Hope, as per the fund’s divestment list.
Oil & gas divestment action
This option excludes oil and gas producers Woodside and Santos in the fund’s active holdings, according to the fund’s ESG policy and divestment list.
Climate voting record
Vision Super discloses its proxy voting decisions after each financial year. The fund voted FOR 76% of the climate-related resolutions it has disclosed from 2017 to 2020.
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