ABOUT ACTIVE SUPER
Active Super is an industry fund, originally for NSW local government employees, but now promoted as a super fund for ethical/ responsible investors. It has 80,000 members and $14 billion in funds under management.
It appears Active Super is nuclear weapons free.
Active Super should clarify whether funds that they do not directly manage also exclude nuclear weapons. Other than this, Active Super’s policy on nuclear weapons is exemplary.
Active Super has a clear ethical position against investing in nuclear weapons. The Responsible and Sustainable Investment Policy has firm wording, however the Product Disclosure Statement wording is less iron-clad.
Up to 25% of Active Super’s funds are not under active management. While Active Super says that investment managers should assess ESG risks and that Active Super is responsible for monitoring those, it is unclear if this process is comprehensive.
Active Super only discloses its thirty largest international holdings, which represent 28.78% of its portfolio.6 No nuclear weapons companies appear in this list.
No nuclear weapons companies appear in Active Super’s proxy voting records for the financial year 2020-2021.
Read our detailed assessment of Active Super’s policy and practice in our 2021 report.