Fund Governance

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.

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.

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.

• Proxy Voting Dashboard and Policy
• Download the ESG Policy

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.

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)

Outsourced services providers are used to assist in the management of Energy Super.

At Energy Super, the Board and Executive Management are committed to promoting and achieving the highest standards of legal, ethical and moral behaviour. Energy Super’s Whistleblower Policy has been put in place to ensure that Whistleblowers can make a Protected Disclosure without being subject to victimisation, harassment or discriminatory treatment. The Policy applies to the following individuals who make, or attempt to make, a Protected Disclosure:

• Employees of ESI Financial Services Pty Ltd;
• Directors or Specialist Committee Members of an entity in the ESI Group;
• Suppliers or contractors (or an employee of a supplier or contractor where paid or unpaid) of the ESI Group;
• An individual who is an associate of the ESI Group;
• An officer or employee of a body corporate that is a trustee, custodian or an investment manager of Energy Super; or
• A spouse, relative or dependant of any of the above, or of such an individual’s spouse.

If you are an individual listed above and wish to raise a concern under the Whistleblower Policy, you can make a report through the External Whistleblower Service. This independent service is provided by Deloitte and provides the means for a Whistleblower to report securely, confidentially and anonymously. Reports can be made through the External Whistleblower Service at the following website:

AIST’s Governance Code has been developed to promote continuous improvement in governance practices and aims to cement profit-to-member funds as the leading superannuation sector. The principles-based Code goes beyond current regulatory requirements and creates a new standard of governance best practice in Australia.

The Energy Super Board adopted the Code and the Code Compliance Statement has been prepared to summarise the Trustee’s approach to complying with the Code, specifically details of its compliance with the Code for the period 1 July 2018 to 30 June 2019.

Where the Trustee determines that current members have been adversely impacted, we shall seek to return the member to their corrected position.

Payments to a former Member and beneficiaries of less than $20 will not normally be made.  This threshold is generally consistent with regulatory practice guidelines and industry standards.

The minutes for the 2019 Annual Member Meeting are located below.

Get the minutes