QSUPER + SUNSUPER

The Australia Institute and Quit Nukes have assessed the policy and practice of QSuper and Sunsuper.

Information is valid as of October 2021. 

ABOUT qsuper + sun super

QSuper and Sunsuper merged in 2022 to become Australian Retirement Trust, Australia’s largest super fund with two million members and $200 billion in funds under management.

This analysis was conducted pre-merger.  

KEY FINDINGS

QSuper and Sunsuper should include nuclear weapons in the definition of controversial weapons, and expand the exclusion to all portfolios. This should also apply to self-invest options.

QSuper and Sunsuper should ensure all companies that derive revenue from nuclear weapons are excluded with a 0% revenue threshold, and divest from all current nuclear weapons holdings.

Policy 

Neither QSuper nor Sunsuper have an adequate policy to exclude nuclear weapons from the investment portfolio. 

Holdings

Outside the Socially Responsible Investment Option, proxy voting records show that QSuper invested in 13 nuclear weapons producers  in the financial year 2020/2021. 

Read our detailed assessment of QSuper and Sunsuper policy and practice in our 2021 report