Climate Plan Pension

The Climate Plan has a robust approach to exclusionary screens. In fact, it excludes industries that are harmful to the environment and society, such as:

Controversial Weapons
‍All companies involved in the production of whole weapon systems, delivery platforms or components of cluster munitions; production of whole weapon systems or components of landmines and biological or chemical weapons; production of depleted uranium weapons, blinding laser weapons, incendiary weapons, or weapons with non-detectable fragments; or is involved indirectly through ownership ties to companies involved in such products. Nuclear weapons are not considered for this screen.

‍Nuclear Weapons
‍All companies involved in the production of nuclear weapons, exclusive and dual-use delivery platforms capable of delivering such products, intended and dual-use components of such products, services provided for such products, or are involved indirectly through ownership ties to companies involved in such products or services.

‍Civilian Firearms
‍I. All companies that produce firearms and small arms ammunition for civilian markets.
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II. All companies deriving 5% or more revenue from the production, wholesale or retail of firearms and ammunition intended for civilian use in their most recently completed fiscal year.
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III. All companies deriving 5% or more revenue from the wholesale or retail distribution of firearms or small-arms ammunition intended for civilian use in their most recently completed fiscal year.

‍Conventional Weapons
‍All companies deriving 5% or more revenue from the production of conventional weapons, or components, support systems, and services for such products in their most recently completed fiscal year.

‍Aggregate Weapons
‍All companies deriving 10% or more revenue from the production of conventional weapons, components for such products or support systems and services for such products; production of biological or chemical weapons, components for such products; production of nuclear weapons, exclusive and dual-use delivery platform capable to deliver such products, intended and dual-use components of such products, services provided for such products; and the production of blinding laser, incendiary or non-detectable fragments weapons in their most recently completed fiscal year.

‍UNGC violators
‍Companies deemed by the index provider as non-compliant with certain controversies related to one or more principles of the United Nations Global Compact (UNGC).

‍Tobacco
‍Companies deemed by the index provider as being involved in or having any revenue generated from the tobacco industry, including but not limited to, those classified under ICB subsectors as tobacco and cannabis producers.
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‍Thermal coal
I. All companies deriving any revenue (either reported or estimated) from the mining of thermal coal (including lignite, bituminous, anthracite and steam coal) and its sale to external parties. It does not cover: revenue from metallurgical coal; coal mined for internal power generation (e.g. in the case of vertically integrated power producers); intra-company sales of mined thermal coal; and revenue from coal trading.

II. All companies deriving any revenue (either reported or estimated) from thermal coal-based power generation.

Unsustainable palm oil use
All companies meeting both of the following conditions:

I. Companies deriving 5% or more recent-year revenue from the production of Palm Oil or companies deriving 5% or more recent-year revenue from the distribution of Palm Oil.
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II. Companies having less than 50% palm oil holdings / estates that are certified by the Roundtable on Sustainable Palm Oil.

Gambling
I. All companies deriving 5% or more revenue from products or support services fundamental to gambling operations in their most recently completed fiscal year.
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II. All companies deriving 5% or more revenue from gambling operations, including online or mobile gambling, in their most recently completed fiscal year.

III. All companies deriving 15% or more revenue from gambling operations, including online or mobile gambling, and supporting activities in their most recently completed fiscal year.

Environmental controversies
‍Environmental controversies are defined by MSCI - a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate products. The MSCI ESG Controversies universe is designed to provide timely and consistent assessments of companies’ involvement in ESG-related controversies and incidents.

The exclusion of environmental controversies from the Climate Plan means that the plan won't invest in companies involved in ESG controversies that are classified as ‘Red Flags’ (MSCI ESG Controversy Score of 0). A Red Flag indicates an ongoing ‘Very Severe’ ESG controversy. MSCI assesses the severity of individual controversies, with ‘Very Severe’ indicating a large negative impact of a company on society or the environment.

The Climate Plan

What is the Climate Plan?

How the Climate Plan works

Fossil fuel free investing

Net zero pathway

Why choose the Climate Plan?

Low-carbon future

Financial opportunity

Continually decarbonises

Climate solution providers

Invest for your retirement

Beyond reducing carbon emissions

Ready to invest in the Climate Plan?

Get to know the Climate Plan

3 reasons to think about where your pension’s invested

How we can use our pensions to drive positive change whilst saving for retirement

3 reasons a sustainable pension can make financial sense

FAQs

	Company	Sector	Weight
1	APPLE	Info Tech	5%
2	NVIDIA	Info Tech	4.5%
3	MICROSOFT CORP	Info Tech	4.2%
4	ALPHABET C	Communications	2.7%
5	AMAZON.COM	Consumer	2.6%
6	TESLA	Consumer	1.8%
7	META PLATFORMS A	Communications	1.7%
8	BROADCOM	Info Tech	1.4%
9	JPMORGAN CHASE & CO	Financials	1.1%
10	TAIWAN SEMICONDUCTOR	Manufacturing	1%