Our Socially Conscious Investment Option gives our members the opportunity to align the investment of their superannuation savings with their social and environmental values. It aims to help our members:
- take action on climate change by not investing in companies that hold fossil fuel reserves used for energy purposes
- minimise social harm by not investing in companies that are materially involved in activities that potentially cause social harm, for example tobacco production, alcohol, gambling, military weapons, civilian firearms, nuclear power, adult entertainment and genetically modified organisms
- protect human rights, labour rights and the environment by not investing in companies that have been involved in severe incidents and/or controversies, or have been found to not be adhering to widely accepted global conventions.
These objectives are achieved by applying a number of exclusionary screens when selecting companies for investment. These exclusionary screens apply only to the Australian and international equities and Australian fixed interest components of the investment option. We may introduce additional screenings in the future. Investments across the other asset classes apply an environment, social and governance (ESG) integration approach, with the exception of Cash, which is not subject to ESG integration.