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VicSuper (Delisted)

PRI reporting framework 2017

You are in Strategy and Governance » Implementation not in other modules

Implementation not in other modules

SG 12. ESG issues in strategic asset allocation

New selection options have been added to this indicator. Please review your prefilled responses carefully.

12.1. Indicate if your organisation executes scenario analysis and/or modelling in which the risk profile of future ESG trends at portfolio level is calculated.

12.2. Indicate if your organisation considers ESG issues in strategic asset allocation and/or allocation of assets between sectors or geographic markets.

12.3. Additional information. [OPTIONAL]

VicSuper has recently engaged Mercer to undertake scenario analysis and a climate risk assessment in relation to material asset classes held in VicSuper's investment portfolio. The scenario analysis work will be undertaken in 2017.


SG 13. Long term investment risks and opportunity (Not Completed)


SG 14. Allocation of assets to environmental and social themed areas

New selection options have been added to this indicator. Please review your prefilled responses carefully.

14.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

14.2. Specify which thematic area(s) you invest in, indicate the percentage of your AUM in the particular asset class and provide a brief description.

Area

0.1 % of AUM

Brief description and measures of investment

VicSuper holds private equity investments in the Cleantech Australia Fund LP. This fund  invests in companies that aim to produce environmentally efficient outcomes. 

1.53 % of AUM

Brief description and measures of investment

VicSuper holds a number of sustainable forestry investments. These include plantation timber, managed forests and other forestry assets managed for the production of pulp, chip, sawn timber and higher-value wood products.

1.09 % of AUM

Brief description and measures of investment

In 2006 VicSuper resolved to invest in a landscape redevelopment project called ‘Future Farming Landscapes’ (FFL). FFL aims to hold a portfolio of land and water assets for the purpose of generating returns from a combination of agricultural activities and innovative water leasing products. The FFL project lies between Kerang and Swan Hill in the southern part of the Murray Darling Basin (MDB), a vital food-producing region of Australia.

This investment is delivered by Kilter Pty Ltd through its FFL model which involves earning income and building capital value through investment in farmland redevelopment, improved yield productivity and the delivery of water use solutions for agriculture and the environment.

FFL aims to generate more food and fibre utilising less land, less water and less management effort. Farmlands held by VicSuper are managed to create a resilient landscape – one which can cope with variable and constantly changing conditions and climate, while enhancing productivity, providing employment opportunities and improved environmental outcomes, delivering investment returns.

The objective is a large-scale investment that improves the productivity of farmland and maintains and enhances water use efficiency and ecosystems while delivering VicSuper long-term, stable, non-correlated, inflation-protected returns.

          Vanguard Carbon Aware Fund
        
2.9 % of AUM

Brief description and measures of investment

The Carbon Aware Fund is a listed equity fund that broadly matches its index (the MSCI World ex-Australia Net Divs) and aims to achieve a carbon footprint that is 50% lower than the index.

14.3. Additional Information [Optional]

          
        

SG 15. ESG issues for internally managed assets not reported in framework (Not Applicable)


SG 16. ESG issues for externally managed assets not reported in framework (Not Completed)


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