The letters had come at the same time the two super funds signed a heads of agreement to merge.
The members called on QSuper’s chief of member experience, Jason Murray, and Sunsuper’s chief member officer, Steven Travis to disclose:
A detailed list of companies the funds invest in;
Emissions reduction strategies for the funds’ respective portfolios;
If the funds had conducted portfolio-wide scenario analysis on climate change risks; and
The precise engagement processes each fund undertakes with investee companies to reduce their carbon exposures.
Sunsuper had not publicly released a climate action plan on how it would decarbonise its portfolios but claimed it recognised climate change as a material risk to its investments and measures its investments’ carbon exposure.