Voting for the future
We take our share ownership seriously and work actively with the companies in which we invest to improve the environmental, social and governance (ESG) choices they make. One of the ways we do this is to ensure that we actively participate in shareholder voting when the opportunity arises. As a shareholder, we are entitled to undertake proxy voting at annual general meetings for most of our Australian and international equities and global real estate investment trustee exposures. We believe it is important to fulfil the ownership obligations and rights that come with being a long-term shareholder. There are a number of factors we consider when making our voting considerations:
Key reasons for voting recommendations
Election of directors - accountability of company directors is a fundamental issue when investors assess director election and re-election proposals.
Financial reporting of companies.
Remuneration reports/policy remunerations and disclosures.
Environmental and social risk.
Mergers and acquisitions
> Shareholder rights
> Labour/human rights
> Business ethics
By actively engaging with companies on environmental, social and governance practices, we minimise risks for members, maximise returns, and build a better future for everyone.
How we voted
Below you'll find details about how we've voted over the last financial year:
|Australian equities||International equities|
|Australian voting summary year ending 30 June 2017-18||Australian voting statistics year ending 30 June 2017-18||International voting summary year ending 30 June 2017-18||International voting statistics year ending 30 June 2017-18|
Transparency and reporting
Another way we encourage positive environmental, social and governance behaviour is by being transparent in our investment reporting. By disclosing information about our responsible investment practices, we raise awareness about how we manage our members’ retirement savings and encourage others to act accordingly.
This includes annual reporting through our Corporate responsibility report and participation in sustainability benchmarking surveys, including the Asset Owners’ Disclosure Project, RIAA Super Fund and Responsible Investment Benchmark Reports, and Infinity by SuperRatings.
Find out more about these reports on our sustainable super page
Vision Super has been a founding signatory of the Principles for Responsible Investment (PRI) and has always undertaken the annual mandatory reporting obligations, which are publicly available on the PRI website for all our voluntary indicators.
What is the PRI?
The PRI is the world's leading proponent of responsible investment. It works to understand the investment implications of ESG factors and to support its international network of investor signatories. Launched in 2006 as an independent body supported by the United Nations, PRI stands for the “Principles of Responsible investment”. This body encourages investors to incorporate ESG factors into their investment decisions in a clear and public manner, to better manage risk and generate sustainable, long-term returns. This transparency is helpful for asset owners that are seeking to understand the progress that asset managers are making on integrating ESG across a company or within an asset class.
How much is invested?PRI signatories have invested over 89 trillion US dollars in responsible investments in the 2017-18 financial year.
billion in assets under management
More detail on the PRI website >
What is the PRI Reporting Framework Assessment report?
The PRI Reporting Framework Assessment report enables signatories to the PRI to document their responsible investment activities, to help inspire proactive discussion between investors and their clients, beneficiaries and other stakeholders. Signatories are required to report on their responsible investment activities annually. This ensures:
- A standard transparency tool
- Allows signatories to receive feedback to learn and develop
Vision Super’s PRI Reporting Framework assessment results
A or A+ across all reporting categories!
For 2018, Vision Super performed well above average across all asset classes compared to the median score universe for its PRI Reporting Framework assessment. For the strategy and governance module, which covers high-level implementation and application of responsible investment, Vision Super received an “A+” rating/score.
Following the indirect module, which covers the selection, appointment and monitoring of external managers, Vision Super received seven “A+” scores on almost its entire asset class configurations, and an “A” rating/score for listed equity/active ownership and private equity externally managed asset classes. Again, these scores outperformed the average scores of all PRI signatories.
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.