Linking Sustainability To Strategy, Corporate Governance and Risk –the role of materiality.

Chair: Stella Whittaker, Senior Executive Sustainability and Climate Change, Manidis Roberts; Vice-Chair, GRI Stakeholder Council.Michael Dundon, Chief Executive Officer, Vic SuperShane Lucas, Group Head of Sustainable Development, ANZAlex Malley, Chief Executive Officer, CPA Australia

VicSuper Pty Ltd ABN 69 087 619 412 AFSL 237333 RSE L0000468 is the Trustee of VicSuper Fund R1000580

Sustainability reporting

Michael Dundon

Chief Executive Officer

VicSuper

GRI Conference on Sustainability and integrated Reporting

Melbourne Convention & Exhibition Centre

Tuesday 27 March 2012

Sustainability and VicSuper

Helping people to meet their income needs in later life

Encouraging new

investment ideas and innovation

Investing to achieve best possible long term returns

Using resources while

minimising our impact on natural

ecosystems

Helping people to meet their

income needs in later life

Influencing actions of

government and business

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VicSuper’s Central Operating Principle - Sustainability Invested in sustainability leaders

Lead role in Performance Reporting- Introduced GRI Reporting

UN PRI Signatory VicSuper Pty Ltd - Offset climate impact Australian Co’s - engagement on governance risks

International Co’s –engagement on governance risks Measured VicSuper Fund’s carbon footprint

Created low carbon super ‘Member Report’ and ‘Sustainability Report’ combined as

Performance Report Actively participating in ongoing collaboration and

communication

2010/11

Investment review Stakeholder engagement

2007

2006

2004

2001

2009

Our sustainability journey

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Sustainability Committee

Central Operating PrincipleTo create value for VicSuper stakeholders by building a sustainable

superfund through the integration of economic, social and environmental considerations into all VicSuper’s decision support

systems

FROGS

Focused Recruits Of Global SustainabilityEmployee championsEducation/induction

Board

Opportunity identificationGoals and targets

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Driving Business Strategy

– Key differentiator in a crowded market– Ecommerce– Long term investors– Direct investments

Corporate Governance

– Regnan, ACSI, Hermes, Shareholder influence

Managing Risk

– Fund manager screening– Carbon risk

How we utilise sustainability

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Next steps Integrate

– Decision making

– Stakeholder input

– Report content

More direct investment

– Community focus

More proactive influence- Fund Managers- Stakeholders

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