VicSuper to phase out investment in tobacco

VicSuper will phase out investing in companies who manufacture tobacco products from this year. The decision was made by the VicSuper Trustee after careful consideration of many factors, including the:

  • expected impact on investment risk and returns for members
  • health consequences of tobacco products.

Michael Dundon, VicSuper's Chief Executive explains, "VicSuper takes social and environmental considerations into account alongside economic considerations. With tobacco products imposing a significant burden on society in terms of health care and environmental costs, the Board and management team at VicSuper feel it is the right decision to move away from investing in this industry".

Barbra Norris, VicSuper's Chair agreed. "The Board did not make this decision lightly. We had an informed discussion about the impact of this decision on VicSuper Fund, the potential returns for members, and the consequences of continuing to invest in companies that produce such a harmful product. It was unanimously decided that VicSuper should discontinue investing in companies that manufacture tobacco products."

VicSuper's current investment in tobacco accounts for less than 0.5% of VicSuper's total investment portfolio.

VicSuper will phase out investing in companies who manufacture tobacco products from this year. The decision was made by the VicSuper Trustee after careful consideration of many factors, including the:

  • expected impact on investment risk and returns for members
  • health consequences of tobacco products.

Michael Dundon, VicSuper's Chief Executive explains, "VicSuper takes social and environmental considerations into account alongside economic considerations. With tobacco products imposing a significant burden on society in terms of health care and environmental costs, the Board and management team at VicSuper feel it is the right decision to move away from investing in this industry".

Barbra Norris, VicSuper's Chair agreed. "The Board did not make this decision lightly. We had an informed discussion about the impact of this decision on VicSuper Fund, the potential returns for members, and the consequences of continuing to invest in companies that produce such a harmful product. It was unanimously decided that VicSuper should discontinue investing in companies that manufacture tobacco products."

VicSuper's current investment in tobacco accounts for less than 0.5% of VicSuper's total investment portfolio.