Does the Sustainable Balanced plan invest in fossil fuels?

A fossil fuel exclusion is applied to the Sustainable Balanced plan, with varying definitions and revenue thresholds adopted across asset classes.

For example, within the Australian Shares asset class for the Sustainable Balanced plan, the portfolio does not invest in companies which directly extract or explore fossil fuels (i.e, coal, oil and gas). Within the International Fixed Interest asset class for the Sustainable Balanced plan, the portfolio does not invest in issuers which derive 10% or more of their revenue from extraction of thermal coal or oil sands production.

Exceptions may apply in certain asset classes where Pendal have identified that the companies have a Paris Agreement-aligned transition plan in place and are able to produce climate-related financial disclosure annually.

For more detail on the definition of fossil fuels and thresholds applicable to each different asset class, including exceptions, read the Investment choice brochure (for GESB Super or West State Super members) or Retirement Income Pension Product Information Booklet (for Retirement Income members).

You can also download the full list of what the Sustainable Balanced plan invests in.