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CBUS Superannuation Fund

PRI reporting framework 2020

Basic information [OO 01 - 09] Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Strategy and Governance

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Asset class implementation not reported in other modules [SG 16 - 17] Innovation [SG 18] Communication [SG 19]

Indirect – Manager Selection, Appointment and Monitoring

Listed Equity and Fixed Income Strategies [SAM 01] Selection [SAM 02 - 03] Appointment [SAM 04] Monitoring [SAM 05 - 07] Outputs and outcomes [SAM 08 - 09]

Direct - Listed Equity Incorporation

ESG incorporation in actively managed listed equities [LEI 01 - 10] Implementation processes [LEI 01 - 10] (A) Implementation: Screening [LEI 04 - 06] (C) Implementation: Integration of ESG factors [LEI 08 - 10] Outputs and outcomes [LEI 12 - 13]

Direct - Listed Equity Active Ownership

Overview [LEA 01] Engagement [LEA 02 - 08] Outputs and outcomes [LEA 09 - 11] (Proxy) voting and shareholder resolutions [LEA 12 - 21]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] ESG incorporation in passively managed fixed income [FI 13] Outputs and outcomes [FI 17 - 18]

Direct - Property

Overview [PR 01] Pre-investment (selection) [PR 04 - 06] Selection, appointment and monitoring third-party property managers [PR 07] Post-investment (monitoring and active ownership) [PR 08 - 14] Overview [PR 08] Property monitoring and management [PR 09 - 10] Property developments and major renovations [PR 11] Occupier engagement [PR 12 - 13] Community engagement [PR 14] Outputs and outcomes [PR 15 - 16]

Direct - Infrastructure

Overview [INF 01 - 02] Pre-Investment (Selection) [INF 05 - 09] Post-investment (monitoring and active ownership) [INF 11 - 16] Overview [INF 11] Infrastructure Monitoring and Operations [INF 12 - 14] Infrastructure Maintenance [INF 15] Stakeholder engagement [INF 16] Outputs and outcomes [INF 17 - 18]

Confidence building measures

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Confidence building measures

CM1 01. Assurance, verification, or review

01.1. Indicate whether the reported information you have provided for your PRI Transparency Report this year has undergone:

Third party assurance over selected responses from this year’s PRI Transparency Report

Third party assurance over data points from other sources that have subsequently been used in your PRI responses this year

Third party assurance or audit of the correct implementation of RI processes (that have been reported to the PRI this year)

Internal audit of the correct implementation of RI processes and/or accuracy of RI data (that have been reported to the PRI this year)

Internal verification of responses before submission to the PRI (e.g. by the CEO or the board)

Other, specify

          Internal review by Deputy CIO

None of the above

01.2. Additional information [OPTIONAL]

CM1 02. Assurance of last year`s PRI data

02.1. We undertook third party assurance on last year’s PRI Transparency Report

Whole PRI Transparency Report was assured last year

Selected data was assured in last year’s PRI Transparency Report

We did not assure last year`s PRI Transparency report

None of the above, we were in our preparation year and did not report last year.

02.2. Whole report was assured in last year’s PRI Transparency Report

Who has conducted the assurance

          Third party assurance is undertaken on the process of undertaking our Annual Integrated Report. Some metrics are audited eg carbon footprint.

Assurance standard used

ISAE/ ASEA 3000

ISAE 3402

ISO standard

AAF01/06

AA1000AS

IFC performance standards

ASAE 3410 Assurance Engagements on Greenhouse Gas Statements.

National standard

Other

Level of assurance sought

Limited or equivalent

Reasonable or equivalent

Link to external assurance provider`s report

https://www.cbussuper.com.au/content/dam/cbus/files/governance/reporting/Annual-Integrated-Report-2018.pdf

02.2. Selected data was assured in last year’s PRI Transparency Report

What data has been assured

Financial and organisational data

Data related to RI activities

RI policies

RI processes (e.g. engagement process)

ESG operational data of the portfolio

Other

Relevant modules

Organisational Overview

Strategy and Governance

Indirect – Manager Selection, Appointment and Monitoring

Direct - Listed Equity Incorporation

Direct - Listed Equity Active Ownership

Direct - Fixed Income

Direct - Property

Direct - Infrastructure

02.3. Additional information [OPTIONAL]

          Our approach to investment: Climate Change Weighted carbon emissions Scope 1 and 2 intensity 2018 was subject to assurance.

CM1 03. Other confidence building measures

03.1. We undertake confidence building measures that are unspecific to the data contained in our PRI Transparency Report:

We adhere to an RI certification or labelling scheme

03.2. Which scheme?

National SRI label based on the EUROSIF Transparency guidelines

B-corporation

UK Stewardship code

GRESB

% of total AUM the scheme applies

< 25%

25-50 %

50-70 %

>75 %

Commodity type label (e.g. BCI)

Social label

Climate label

RIAA

Other

Specify

          Super Ratings Infinity Recognised

% of total AUM the scheme applies

< 25%

25-50 %

50-70 %

>75 %

We carry out independent/third party assurance over a whole public report (such as a sustainability report) extracts of which are included in this year’s PRI Transparency Report

ESG audit of holdings

Other, specify

          Third party assurance is undertaken on the process and a selection of data for the Annual Integrated Report.

None of the above

03.5. Additional information [OPTIONAL]

          We are a signatory to the Australian Asset Owners Stewardship Code.

CM1 04. Assurance of this year`s PRI data (Not Applicable)

CM1 05. External assurance

05.1. Provide details related to the third party assurance over selected responses from this year’s PRI Transparency Report and/or over data points from other sources that have subsequently been used in your PRI responses this year

What data has been assured

Financial and organisational data

Data related to RI activities

RI Policies

RI Processes (e.g. engagement process)

ESG operational data of the portfolio

Other

Specify

          Based on the evidence KPMG obtained from the procedures performed, KPMG are not aware of any material misstatements in the Cbus Responsible Investment Transparency Report for the year ended 31 December 2019, which has been prepared by Cbus in accordance with the United Nations Principles for Responsible Investment (UN PRI) 2020 Reporting Framework.

Relevant modules

Organisational Overview

Strategy and Governance

Indirect – Manager Selection, Appointment and Monitoring

Direct - Listed Equity Incorporation

Direct - Listed Equity Active Ownership

Direct - Fixed Income

Direct - Property

Direct - Infrastructure

Who has conducted the assurance

          KPMG

Assurance standard used

ISAE/ASEA 3000

ISAE 3402

ISO standard

AAF01/06

AA1000AS

IFC performance standards

ISAE/ASAE 3410 Assurance Engagements on Greenhouse Gas Statements.

National standard

Other

Level of assurance sought

Limited or equivalent

Reasonable or equivalent

Please provide:

Link to external assurance provider`s report [URL] https://www.cbussuper.com.au/about-us/annual-report

Link to original data source (if public) [URL] https://www.cbussuper.com.au/about-us/annual-report

Attach a file

Cbus PRI Assurance_Final opinion.pdf

05.2. Additional information [OPTIONAL]

          The KPMG external assurance opinion is relevant to this PRI report and therefore is not public as yet. The relevant KPMG assurance opinion has been attached as a document. This module cannot be completed unless a URL link is provided. As such, a URL has been provided to the Cbus Annual Integrated Report that KPMG provided assurance over for FY19 and a link to the Cbus Sustainability website.

CM1 06. Assurance or internal audit (Not Applicable)

CM1 07. Internal verification (Not Applicable)

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