Sunsuper Socially Conscious Balanced Option

Product Name

Sunsuper Socially Conscious Balanced Option

Issuer

Sunsuper

Category

Superannuation

Type

Superfund/Pension

Target

Retail

Certified Since

2007

Asset Classes

Diversified / Multi-asset

Markets

Australia

Investment Approaches

Negative Screening, Best in class screening

It Includes:

  • Riaa icons 14 Education
  • Riaa icons 32 Green property
  • Riaa icons 12 Healthcare and medical products
  • Riaa icons 11 Impact investments
  • Investment2 More sustainable companies

It has some level of screening for:

  • Riaa icons 33 Fossil fuels
  • Riaa icons 38 Labour rights violations

It fully excludes:

  • Riaa icons 41 Alcohol
  • Riaa icons 36 Armaments
  • Riaa icons 42 Gambling
  • Riaa icons 50 Nuclear power
  • Riaa icons 99 Pornography
  • Riaa icons 35 Tobacco

Overview

The Socially Conscious Balanced Options offers Sunsuper’s members a balanced portfolio, diversified across asset classes with an emphasis on shares & property. It is suitable for investors who are seeking to accumulate wealth over the long term and who want to ensure that their investments are made in line with an extended set of environmental, social and governance principles.


Description


The Socially Responsible Investment (SRI) option seeks to invest with managers that are identified leaders in their responsible investment approach to environment, social and ethical considerations, labour standards and governance.

Managers are also required to avoid companies operating within sectors with recognised high  negative social, impact, which means the option will avoid companies operating within sectors assessed to have a high negative social or environmental impact, including avoiding exposure to companies with maternal exposure to the production or manufacture of tobacco, nuclear and controversial armaments, alcohol, pornography or to the provision of gambling or live export services. A company deriving more than 5% of its total revenue from these industries constitutes material exposure. In addition, the option seeks to limit its exposure by excluding any company that has more than a 5% exposure (as measured by percentage of revenue or other appropriate financial metric) to fossil fuel explorers or miners. 

Currently the option does not take environmental, social and ethical considerations, labour standards and corporate governance factors into account in respect of listed property and cash. Where it is appropriate for the asset class, the option will invest in a sector on an index basis if a responsible investment equivalent is not available. 

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