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Super that makes a difference

Align investment of your super savings with your social and environmental values

Join now Change investment option

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.

Certified responsible investment (RIAA)

 

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")2.

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. From November 2020 the screens are applicable to all asset classes within the option.

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
  • Coal
  • Coal-fired power generation
  • Oil and gas (conventional / unconventional)
  • Fossil fuel transportation
  • Fossil fuel supply chain and services
  • Fossil fuel reserves
Ethical screens
  • Tobacco
  • Gambling
  • Alcohol
  • Pornography
  • Uranium
  • Nuclear power
  • Civilian firearms
  • Live animal exports
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.

A description of each exclusion and the exclusion threshold can be found in the ‘How we invest your money’ Member Guide (for FutureSaver) or the Flexible Income PDS (for Flexible Income).

More information

Read important information about how the Socially Conscious option is invested, including the investment objective, strategic asset allocation and risk level. View the equities holdings of the Socially Conscious option.

1The Certification Symbol signifies that a product or service offers an investment style that takes into account certain environmental, social, governance or ethical considerations. The Symbol also signifies that the VicSuper Socially Conscious investment option adheres to the strict operational and disclosure practices required under the Responsible Investment Certification Program for the category of Superfund Option. The Certification Symbol is a Registered Trade Mark of the Responsible Investment Association Australasia (RIAA). Detailed information about RIAA, the Symbol and the Socially Conscious investment option's methodology and performance can be found at www.responsiblereturns.com.au, together with details about other responsible investment products certified by RIAA. The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.

2 The screening criteria does not apply to the use of derivatives which may have an indirect exposure to these types of investments.
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