UNISUPER

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

Information is valid as of October 2021. 

ABOUT UniSUPER

UniSuper was originally for employees in Australia’s tertiary sector, but is now open to all Australians. It has over 450,000 members and $100 billion in funds under management.

KEY FINDINGS

UniSuper should ensure all companies that derive revenue from nuclear weapons are excluded across the whole portfolio, with a 0%
revenue threshold,  update the responsible investing policy for clarity, and provide more precise information about investment mandates and implementation.

UniSuper should divest from all current nuclear weapons holdings.

Policy 

UniSuper does not have an adequate policy on nuclear weapons.

UniSuper’s materials and policies are very opaque when it comes to implementation. ‘Assessment’ does not equal implementation of ESG principles.

UniSuper’s weapons screen is limited to its sustainable options, and very little detail is provided about how it is implemented.

UniSuper says that it has reviewed its holdings and options with respect to weapons and addressed members’ queries about
nuclear weapons, but without details.

Holdings

In 2021 UniSuper only disclosed their top 20 international share holdings, in which no nuclear weapons producers appear. UniSuper disclosed holdings for three sustainable/ environmental options, in which no nuclear weapons producers appear. 

UniSuper provides a list of shareholder voting records, from which 7 nuclear weapons producers  were identified during the 2020/21
financial year.

Read our detailed assessment of UniSuper policy and practice in our 2021 report