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.
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Coal exclusion policy
Vision Super excludes companies that generate more than 25% of revenue from the mining of thermal coal.
Oil & gas exclusion policy
Vision Super released an updated ESG policy in June 2021, restated in December 2021, which notes partial divestment from oil and gas companies. The policy states “Vision Super will not invest in companies that derive material revenue from oil and/or gas extraction where such investments are directly held,” meaning that the policy applies only to the fund’s active holdings (as opposed to its passive holdings).
Coal divestment action
Vision Super has divested from some thermal coal mining companies, like Whitehaven Coal and New Hope, as per the fund’s divestment list.
Oil & gas divestment action
Vision Super has divested from oil and gas producers Woodside and Santos in the fund’s active holdings, according to the fund’s ESG policy and divestment list.
Climate voting record
Vision Super discloses its proxy voting decisions after each financial year. The fund voted FOR 76% of the climate-related resolutions it has disclosed from 2017 to 2020.
The information provided by Market Forces does not constitute financial advice. The information is presented in order to inform people motivated by environmental concerns and take actions based on those concerns. Market Forces is organising data for environmental ends.
The information and actions provided by Market Forces do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice.
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