ABOUT CATHOLIC SUPER
Catholic Superannuation Fund (Catholic Super) is an industry superannuation fund, originally focused on teachers and staff in Catholic schools. It has 68,000 members. Its joint venture with Equip Super represents 137,000 members with $2 billion under management.
Catholic Super should divest from all nuclear weapons holdings.
When the Responsible Investment Policy is reviewed in 2022, Catholic Super should include nuclear weapons as part of a portfolio-wide controversial weapons exclusion, and ensure all companies that derive revenue from nuclear weapons are excluded with 0% revenue threshold.
Catholic Super does not have an adequate policy to exclude nuclear weapons.
Nuclear weapons and controversial weapons are not explicitly dealt with in key policies, or in the responsible investment option. The Responsible Investment Policy is due for review in 2022.
Catholic Super lists its 100 largest international holdings on its website. No nuclear companies appear in the list of top 100 holdings.
Examination of proxy voting records indicates that in the financial year 2020/2021 Catholic Super held shares in three nuclear weapons companies.
Read our detailed assessment of Catholic Super’s policy and practice in our 2021 report.