Energy Super is committed to the highest standards of corporate governance.
The ultimate goal is to add value for members and their beneficiaries, as well as participating employers and other stakeholders. The Trustee seeks to achieve this by delivering quality investments, products and services at a competitive price.
Energy Super promotes fairness, transparency and accountability by setting out the rights and responsibilities of the Board and executive management.
Governing Rules:
Energy Super is governed by Trust Deed, which is a legal document that sets out the rights and duties of the Trustee, the participating employers and member's, and the rules of payment of benefits to members. The Trust Deed can be amended by the Trustee when necessary.
Download the Trust Deed
The Trustee of Energy Super also has a Constitution, which along with the Trust Deed, forms the governing rules for the Fund.
Board Documents:
- Board record of attendance for the past 7 financial years
- Committee record of attendance - 2017/18
Governance Framework
Energy Super have a range of policies which form our Governance structure
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Conflicts Management Policy
The Fund’s Conflicts Management Policy details the methods by which actual and potential conflicts can be identified and dealt with. These include:
- Ongoing identification and registration of personal financial conflicts of interest, such as the shareholdings of individual Trustee or interests in contracts awarded by the Trustee, and
- Identification of possible and actual conflicts arising from any other offices, functions or interests held by Trustee– such as executive roles in the sponsoring organisation or controlling entity or roles in the organisation which has nominated the Board member.
The guiding principles of the policy are:
- The Trustee is committed to being impartial and fair in dealings with members, employers, service providers, regulators, sponsors and the general public. Their trust, confidence and support of the Trustee’s goals and objectives are necessary if the Trustee is to be successful.
- Responsible Persons and employees of the Fund must ensure that opportunities do not exist for their interests, or those of people close to them, to conflict with the impartial performance of their duties as either a Responsible Person and employees.
- Responsible Persons and employees are required to avoid conflicts where it is possible to do so.
- Any potential, actual or perceived conflict between an individual's interests and those of the beneficiaries of Energy Super must be resolved in favour of the beneficiaries of Energy Super.
It is intended to assist Responsible Persons and employees to identify when conflicts may arise and provide guidance about how to manage those conflicts. The policy ensures that the quality of financial products and services provided by the Trustee and ESI Financial Services are not compromised.
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Register of relevant duties and interests
All actual and potential conflicts of interest are either avoided or, where they cannot be avoided, managed through a combination of internal controls and appropriate disclosure, which includes them being recorded on the relevant compliance register.
The Trustee maintains a Register of Relevant Duties and Relevant Interests (download) for itself, its responsible persons and associates which include
- all directors of the Trustee
- all key Executive Officers.
- an approved auditor
- the appointed actuary
A relevant duty is, other directorships or employment a responsible person may hold and a relevant interest in any major shareholdings.
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Our Voting Policy
We believe that corporate governance is a fundamental component driving the performance of listed companies, and so we have a responsibility to represent your best interest when responding to the corporate actions that arise from our investments.
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Annual Reports
To request a hard copy of the Annual Report to be sent to you free of charge, please contact us on 1300 4 ENERGY (1300 436 374) or email info@energysuper.com.au.
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Financial Reports and Statements
Below is Energy Super's annual financial report containing the Audited Accounts.
- Download the Energy Super Financial Statements (most recent)
Below is the Electricity Supply Industry Superannuation (Qld), the trustee of Energy Super annual financial report containing the Audited Accounts.
- Download the ESISQ Financial Statements (most recent)
Energy Super is required every three years to undertake an actuary investigation and provide a report on the Energy Super defined benefit arrangements.
- Download the Energy Super Actuarial Report (most recent)
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Outsourced Service Providers
Outsourced services providers are used to assist in the management of Energy Super.
Remuneration
Energy Super is run solely for the benefit of our members, so our remuneration practices for Board members and Executives reflect this.
- Download the Directors and Executive Officer Remuneration 2016/17
Our Remuneration policy and committee is guided by the following principles that reflect our values.
- Simplicity
- Fairness
- Alignment with values
- Appropriate risk behaviour
- Transparency
Product and Service Updates
Energy Super is committed to informing our members about significant events or material changes that occur with our products and services.
A significant event or material change could include, for example changes to fees and charges, insurance cover or costs, investment options or where a member’s benefit may be transferred without consent.
We communicate these changes through a range of communications channels, such as Member Newsletters, Annual statements and tailored letters. Relevant changes announced in a significant event notice are incorporated into subsequent releases of the applicable Product Disclosure Statement.
Energy Super has a responsibility to tell our members about significant events or material changes that occur to products and services provided by Energy Super.
- Download the Summary of significant event and material change notifications (issued to members for the past three years).
Please note that these events and changes have already been communicated to affected members.