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Spotlight on Investors: VicSuper
28-Oct-2019 10:53:34 AM
VicSuper was established in 1994 as a Victorian Public Sector Fund. In July 2000, the Superannuation Fund became open to all eligible Australians. Today, VicSuper manages over AUD 23 billion of assets on behalf of 250,000 members as at July 1, 2019.
VicSuper believes responsible investment leads to better investment outcomes, as such it became a signatory to the UN PRI in 2006. The Super Fund applies a negative screen on Tobacco companies for all of its assets, and offers particular screens depending on investor's preference. Furthermore, ESG issues are incorporated throughout the investment process – from the security selection to corporate engagements and voting. The VicSuper has formalized a Climate Change strategy, which seeks to incorporate Climate Change into their Investment Governance Framework, investing in line with a just transition towards a low carbon economy, as well as engaging companies to improve their management of climate-related risk.
