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!
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View the methodology for calculating exposure to the Fossil Fuel Expansion Index here.
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Coal exclusion policy
The Climate Risk Response Plan developed by Funds SA (the investment manager for Super SA) states that the fund seeks to “Phase out thermal coal exposure except where a credible transition plan exists” in 2022.
Oil & gas exclusion policy
None
Coal divestment action
Super SA appears to have divested from thermal coal producers like Whitehaven and New Hope.
Oil & gas divestment action
None
Climate voting record
Super SA does not disclose its proxy voting record, so we cannot tell how the fund voted on individual climate-related shareholder resolutions.
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.
Market Forces recommends all users obtain their own independent professional advice before making any decision relating to their particular requirements or circumstances. Switching super funds may have unintended financial consequences.
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