ESG Newsletter

First State Super was established in 1992 to provide public sector employees in New South Wales with superannuation and retirement services. The Superannuation scheme manages $100 billion of assets on behalf of 800,000 individuals as at January 21, 2020.

First State Super considers sustainability issues in the investment decision-making of all of its portfolios. Apart from the tobacco industry, the Super fund does not generally exclude sectors. Instead, it prefers to engage with portfolio companies to improve practices. Its Socially Responsible Investment funds have stricter exclusion policies on nuclear power (including uranium), armaments, gambling, alcohol, inhumane animal testing, logging (of old growth forests), pornography, and fossil fuels. Finally, in 2016, First State Super adopted a Climate Change Plan, which sets out their approach to carbon foot-printing, risk management, and scenario analysis.

Responsible Investment Policy

Responding to Climate Change: A Case Study