We have been recognised as an industry leader when it comes to setting clear and comprehensive responsible investment targets and reporting, according to the latest report from the Responsible Investment Association of Australasia (RIAA).
The Superfund Responsible Investment Benchmark Report assessed 50 funds and found Vision Super to be one of only 12 funds that meet RIAA’s high reporting standards on responsible investment.
We were further recognised are one of only seven funds to devise clear targets for responsible investment activities, and one of just two funds with a specific carbon target regarding portfolio carbon intensity.
As the fourth largest responsible investor out of Australia’s super funds, we hold more responsible investments than some of the country’s largest funds. We manage $1.5 billion worth of responsible assets, including the Vision Super Wonthaggi Wind Farm, which supplies electricity to more than 7,000 Victorian homes.
We also offer the lowest cost ethical super option in Australia, Vision Personal Sustainable balanced option, as rated by independent ratings agency, SuperRatings on a $50,000 balance.
Our international shares portfolio sits in the global MSCI Low Carbon Index – meaning assets are only selected from companies with a 70% lower carbon exposure than the rest of the market. We have also moved our Australian Shares portfolio to the IFM Low Carbon Australian Shares fund, which reduces exposure to Australian shares companies with high carbon risks.
Low carbon benchmarks are also applied to our indexed share investments. For the rest of our shares allocations, our fund managers must consider Environmental, Social and Governance policies in their company evaluations. In these evaluations, they are specifically asked to include a reasonable estimate of the impact of phasing out fossil fuel usage, consistent with limiting global warming to no more than two degrees Celsius above the pre-industrial global mean temperature.
You can read more about our responsible investment, sustainability initiatives, and find our first ever Corporate responsibility report at www.visionsuper.com.au/sustain.
Photo: IFM Investors' NT Airports solar project, one of the sustainable assets that Vision Super invests in.