Vision Super exists to help our members achieve a comfortable retirement. We do this with sustainable super products, quality advice and education, and low fees.
We pride ourselves on being a fund that invests and operates responsibly for the environment and our community. Our environmental and social responsibilities are underpinned by the overarching principle that as an industry fund, we put our members’ interests first in everything we do.
Vision Super has been ranked 19th out of the world’s 500 largest investors for our action on climate change in the 2017 Global Climate Index by the Asset Owners Disclosure Project (AODP).
The Global Climate Index ranks asset owners, such as insurance companies, pension funds and super funds, on how they manage climate-risk in their investment portfolios. We received an AA rating in the index, putting us in the leading top 6% of asset owners in the world when it comes to managing climate risk and the top four responsible asset owners in Australia.
To see the full AODP Global Climate Index, head to the AODP website here.
Environmental, social and governance (ESG) are three important factors used to measure the sustainability and ethical impact of an investment in a company or organisation. Vision Super has a thorough ESG Policy which we use to guide our decision making and to monitor the impact we have on communities and the environment.
Environmental criteria looks at how organisations effect the natural environment, for example, whether it be polluting, mining or protecting. Social criteria examines how an organisation manages relationships with its employees, suppliers, customers and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits and internal controls and shareholder rights.
ESG factors don’t only help organisations like Vision Super invest responsibly for the environment and community - growing evidence suggests that ESG factors, when integrated into investment analysis and portfolios, they can offer potential long-term performance advantages too.
Vision Super's major ESG alliances include:
We were an early signatory to the UN-backed Principles of Responsible Investment (PRI)
An associate member of the Australian Council of Superannuation Investors (ACSI)
Working toward becoming a signatory to the UN Global Compact
A member of the Investor Group on Climate Change (IGCC)
A member of the Responsible Investment Association Australasia.
One of the funds awarded SuperRatings' Infinity Rating for environmental and social responsibilities.
As a not for profit, industry fund, everything we do is for our members. We keep fees low, cut costs where possible, and return all profits back to our members – and we think that’s an ethical structure.
We want to make sure that the companies that we invest in are doing their best to minimise their impact on the environment and act ethically, so we exercise our shareholder vote. This gives us the opportunity to support businesses that are doing the right thing, and oppose actions such as the use of cheap labour in unsafe conditions or excessive pay for executives.
ESG considerations are included in our fund-wide investment beliefs, which guide the decisions we make about our investment portfolio on behalf of our members.
Our fossil fuel divestment and exposure, our investments, governance framework, and what we're doing to influence change – you can get all the details in our Corporate responsibility report:
It is our fiduciary responsibility to grow and manage our members’ retirement savings, so that they can enjoy a good quality of life in retirement.
As an industry fund, everything we do is for our members – and we return all profits to them. We keep management fees to a minimum, cut costs where possible, and we’re efficient in our processes – all so our members can have more money for their retirement.
We believe that for our members to have confidence in the superannuation system, there needs to be effective policy in place that allows them to grow sufficient super savings during their working life.
We work with major employer associations to stand up for our members, protect their interests, and to increase their benefits. We recently introduced a measure with participating employers and members, to increase members’ super contributions from their before-tax salary. This extra “top up” is a minor fraction of a members’ salary that can make a major difference to their final outcome.
We’re involved in the community outside of super too. Each year, we support a number of grassroots events, where we get the opportunity to give back to our members and their local communities.
Over the last two years our Vision Super staff raised over $60,000 for the Snowdome Foundation, Carers Victoria and the Royal District Nursing Service through staff participation in the Murray to Moyne cycling relay.
We’ve recently announced that we will be funding a three-year blood cancer research fellowship through the unique cancer research organisation and the Peter MacCallum Cancer Centre.
Through social activities, our staff also regularly fundraise for charities including the Prostate Cancer Foundation of Australia, and the Cancer Council Australia. These activities see our diverse range of staff work together to contribute to worthwhile causes.
Our environmental and social responsibilities are all underpinned by good governance.
Open communication with our members and stakeholders helps us remain accountable and transparent. We achieve this through our Annual report, annual member forums and our Corporate responsibility report and governance framework. These events provide us with an opportunity to share information about our leadership, executive pay, audits, and shareholder rights.
We also maintain partnerships with a variety of different associations and employer groups which help us remain engaged with the industries where many of our members work, and to show our support for our members and their communities. Some of these associations, such as the Australian Services Union, the Municipal Association of Victoria and Victorian Water Industry Association have appointed members on our Board of directors.