Super that makes a difference
Align investment of your super savings with your social and environmental values
VicSuper offers the Socially Conscious option for members who want greater certainty about the environmental and social impact of their investments. Many people like to know their super is invested according to socially responsible values. This is why we offer our members the Socially Conscious option which balances community accountability with strong long-term investment returns. As a member, you can choose to invest all or part of your super in our Socially Conscious option.
The Socially Conscious option is certified by Responsible Investment Association Australasia (RIAA)1.
How the Socially Conscious option is managed
VicSuper’s Responsible Ownership approach integrates environmental, social and governance (ESG) considerations into our investment process for all of our investment options. A key feature of the Socially Conscious investment option, however, is that it excludes investments considered to have a highly adverse environmental or social impact, as identified by our screening criteria.
This means that the investments for the Socially Conscious option are selected and managed according to extra, and more specific, restrictions and exclusions (i.e. "screens").
To manage the screening process, we’ve partnered with specialist external investment managers that have a robust ESG framework in place for selecting, retaining and selling investments. This framework also seeks to give an increased allocation of the portfolio in these options to companies with better ESG practices.
We also manage a portion of the option in house, using similar guiding principles. All investments are required to meet the rigorous screening criteria in order to be considered for inclusion in the Socially Conscious option. The Socially Conscious screens are applicable to all asset classes within the option, albeit with some differences for the private equity asset class.
Note that the screening criteria does not apply to the use of derivatives which may have an indirect exposure to these types of investments. Additionally, on or after 1 December 2021, up to 5% of the private equity asset class may be invested in companies and other entities not meeting the screening criteria.
The investments within the Socially Conscious option are periodically reviewed to ensure they continue to meet the criteria for inclusion.
We invest in a broad range of assets
In the Socially Conscious option, you have exposure to a broad range of asset classes, diversifying your exposure while still investing in assets that meet our screening criteria.
Our investments include:
What we rule out – ‘screens’
Our screens are broken down into three categories:
- Climate Change screens
- Ethical screens
- Conventions and controversies-based screens
|Climate Change screens||
|Conventions and controversies-based screens||
The Socially Conscious option also seek to exclude companies consistently involved in severe incidents/corporate controversies, or that are at a high risk of being involved in serious incidents in the future.
Corporate controversies - companies consistently involved in severe incidents/corporate controversies, or that are at a high risk of being involved in serious incidents in the future.
Controversial weapons - including chemical weapons, cluster munitions, land mines and depleted uranium.
Read important information about how the Socially Conscious option is invested, including the investment objective, strategic asset allocation and risk level. Visit the 'What we invest in' page to view the Australian and International equity holdings of the Socially Conscious option.
Don't sit there wondering - our team members are here to help!