QSuper, Sunsuper members protest coal exposure
InvestorDaily
A group of Sunsuper and QSuper members has urged the funds to dump thermal coal and to disclose more information around investments, as the pair are on their way to merge. QSuper and Sunsuper recently signed an agreement for more detailed analysis and due diligence, taking one step closer towards merging and forming a $182 billion giant. But a total of 65 Sunsuper members and 141 consumers with QSuper have penned a letter to the funds, calling on QSuper chief of member experience Jason Murray and Sunsuper chief member officer Steven Travis to disclose:
– A complete list of the funds’ holdings.
– Emissions reduction strategies for the funds’ portfolios.
– If the funds have conducted portfolio-wide scenario analysis on climate change analysis.
– The engagement processes each fund undertakes with investee companies to reduce their carbon exposures.
The campaign is backed by the Australia Conservation Foundation, with economic analyst and campaigner May House, who is also a Sunsuper member, commenting the funds are well behind their industry peers on managing climate risks.
The rest of this article can be found at investordaily.com.au.