Vision Super should  ensure all companies that derive revenue from nuclear weapons are excluded with a 0% revenue threshold, update the exclusion policy for clarity, and divest from all current nuclear weapons holdings.

Policy 

Vision Super does not have an adequate policy on nuclear weapons.

Anyone reading Vision Super’s website could easily conclude that Vision does not invest in nuclear weapons producers.  Although Vision is explicit about its materiality threshold of 25%, a reader must delve deeper into the website to discover it in the
ESG policy or the ’divestment’ page.

The ESG policy is silent on Passive Investments. It only refers to investments ‘directly held’. The PDS does not provide the meaning of ‘material revenue’. We note that the PDS makes reference to the ESG Policy which provides the meaning of ‘materiality threshold’.

The list of Restricted Securities omits seven nuclear weapons producers.

Holdings

Vision Super only discloses its top 20 holdings, which do not include any nuclear weapons companies for international equities as at 30 June 2021.

The summary of proxy voting for the financial year 2020/2021 included four nuclear weapons producers. 

Read our detailed assessment of Vision Super policy and practice in our 2021 report. Vision