Aware Super High Growth

This investment option’s exposure to the Fossil Fuel Expansion Index (FFX 200):
Holdings disclosure date Exposure to FFX 200 (% listed equities)
30 June 2025 4.7%

The Fossil Fuel Expansion Index or FFX 200 is made up of the 200 publicly-listed companies from all over the world with the biggest plans to expand the scale of the fossil fuel industry. Specifically, the list includes:

  • The top 60 oil and gas producers by expansion plans.
  • The top 60 coal miners by expansion plans and coal reserves.
  • The top 30 companies by new gas power plant development plans.
  • The top 30 companies by new coal power plant development plans.
  • The top 10 companies by liquefied natural gas (LNG) import and export terminal development plans.
  • The top 10 companies by oil and gas pipeline development plans.

Together, these companies are planning new coal, oil and gas projects that could add the equivalent of 300 years of Australia’s national annual emissions!

Take action and tell your super fund to end its support for new fossil fuels.

View the methodology for calculating exposure to the Fossil Fuel Expansion Index here.

Portfolio holdings disclosures sourced from:
https://aware.com.au/

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Coal exclusion policy

Aware Super excludes “…Direct investments in companies that generate 10% or more of their revenues generated directly from mining thermal or energy coal.”

Oil & gas exclusion policy

Aware Super has no policy to formally exclude oil and gas investments, but the fund has adopted low carbon benchmarks for listed equities, which are likley to have resulted in some reduction in exposure to emissions intensive sectors. Actual impact on oil and gas investments is likely to be limited to scope 1 & 2 emisisons, as there is no disclosure to suggest scope 3 emissions are accounted for in these benchmarks. Aware Super’s benchmarks briefly refer to fossil fuel reserves: “…these custom benchmarks exclude, or have a reduced weighting to, the most carbon intensive companies from the respective benchmarks based on emissions and fossil fuel reserves data.” However, there is no further disclosure to determine how reserves are factored in, and therefore no disclosure of the impact on oil and gas investments.

Coal divestment action

Aware Super announced in July 2020 that it was in the process of divesting from companies deriving more than 10% of their revenue from mining thermal coal (including Whitehaven Coal and New Hope), which was completed as of October 2020.

Oil & gas divestment action

Some reduction in exposure as per the fund’s policy commitments.

Climate voting record

Aware Super discloses its proxy voting decisions annually. The fund supported 40% of the climate-related resolutions it has disclosed from 2017 to 2020.

Voting information last updated: September 2021


Fund information

Fund type: Industry

Assets under management (AUM): $183.1 billion

Members accounts: 1,195,000

Fund information accurate as at: 30/06/2024

Source: APRA

Latest news about super

5 May, 2026
Woodside AGM 2026: HESTA steps up, Aware Super backslides
2 December, 2025
Top Australian super funds invest $33 billion in fossil fuel expansion
19 September, 2025
Health workers and super fund members rally, demanding HESTA rejects new fossil fuels
28 August, 2025
Community organisations deliver significant rebuke to HESTA over fossil fuel investments
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