Aware Super Australian Equities Socially Responsible Investment (SRI) option

Product Name

Aware Super Australian Equities Socially Responsible Investment (SRI) option

Issuer

Aware Super

Category

Superannuation

Type

Superfund/Pension

Target

Retail, Wholesale

Certified Since

2016

Asset Classes

Australian only equities

Markets

Australia

Investment Approaches

Negative Screening, ESG Integration

It Includes:

  • Riaa icons 15 Social and sustainable infrastructure

It has some level of screening for:

  • Riaa icons 41 Alcohol
  • Riaa icons 56 Animal cruelty
  • Riaa icons 36 Armaments
  • Riaa icons 33 Fossil fuels
  • Riaa icons 42 Gambling
  • Riaa icons 50 Nuclear power
  • Riaa icons 99 Pornography
  • Riaa icons 35 Tobacco

It fully excludes:

  • Riaa icons 52 Human rights abuses

Overview

Many people like to know their super is invested in a socially responsible way. We offer a socially responsible investment (SRI) option that balance competitive investment returns with community accountability. Our 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 SRI investment option, however, is that they exclude investments considered to have a highly adverse environmental or social impact, as identified by our screening criteria.


Description


What we rule out – ‘screens’
Our screens are broken down into three categories:
Climate Change screens
  • Ethical screens
  • Conventions and controversies-based screens
In addition, the SRI options have Discretionary exclusions, where a company may be identified as being unsuitable for these options for factors outside the formal ‘screens’ criteria.

Climate change screens
  • Coal mining, extraction, production, refining and processing  (5% or more of total revenue)
  • Coal-fired power generation (5% or more of total revenue)
  • Oil and gas (conventional / unconventional)  exploration, production, refining and marketing (5% or more of total revenue)
  • Fossil fuel transportation (5% or more of total revenue)
  • Fossil fuel supply chain and services (5% or more of total revenue)
  • Fossil fuel reserves (any company holding reserves with the intention of exploration and/or development of those reserves. 
Ethical screens
  • Tobacco*  (5% or more of total revenue)
  • Gambling (5% or more of total revenue)
  • Alcohol (5% or more of total revenue)
  • Pornography (5% or more of total revenue)
  • Uranium (5% or more of total revenue)
  • Nuclear power (5% or more of total revenue)
  • Civilian firearms (5% or more of total revenue)
  • Live animal exports (0% materiality threshold)
*due to undertake internal review of current tobacco production threshold in June 2021 

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. 

Discretionary exclusions
A company may be identified as being unsuitable for the SRI options for factors outside the formal criteria above at the discretion of the Aware Super Responsible Investment team. A description of each exclusion and the exclusion threshold can be found in the relevant Member Booklet or supplement, available here.


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