1. ESG Screening of Fund Managers Date: 10 th September 2013 Presented by: Kelly Christodoulou ESG Manager, Investments

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3. What am I going to talk about? 3 >About AustralianSuper >Investments & Active Investor Strategy >Manager Selection Process >Topics in RFP >ESG in RFP

4. About AustralianSuper Members 2.1 Million Funds under management $65 Billion Employers 190,000 Purpose: To help members achieve their best possible retirement outcome.

5. AustralianSuper - Investments 5 Asset class% Equities - Australian29 Equities - International23 Bonds13 Direct Property12 Infrastructure14 Private equity4 Cash5

6. Manager Selection Process 6 1.Generate long list – A manager brief 2.Short list – Undertake initial analysis - score and rank long-listed managers 3.Evaluate & Rank – Send RFP – Proprietary manager-selection scorecard: (i) How do they make money? (ii) Can we trust them? (iii) Is it the right time to invest with them? 4.Approve – Hire 5.Monitor – Review the manager rating scorecard

7. Topics in RFP 7 OrderTopicNo of Questions 1Organisation23 2Staff14 3Compliance14 4Investment Strategy a)Philosophy / Process b)Execution c)ESG 18 5 14 5Performance9 6Customer Service & Administration9 7Fees & Terms4

8. ESG Questions 8 Environmental, Social and Governance (ESG) Integration 1)Do you integrate environmental, social and governance (ESG) issues into your investment process? (Yes/No) 1)If Yes – Explain how you integrate it into your process and valuations of companies. Please also submit a copy of your ESG investment policies you have and explain how you adhere to your policies 2)If No - please outline why not? 2)What is your Mercer ESG score? Please provide any relevant comments. Proxy Voting 1)Please submit a copy of your Proxy Voting Policy. 2)How is your proxy voting implemented? Do you use a proxy voting service? 3)Over the last 12 months, how often have you voted “Against” or “Abstain” on Company/Management resolutions? How did you communicate this to the company?

9. ESG Questions 9 Engagement 1)Do you engage on ESG issues with your portfolio companies? 2)Over the last 12 months, please outline any major ESG issues you have engaged a company on and any outcomes? 3)How do you monitor and measure your engagement activities? Research 1)Do you conduct any in-house ESG research? 2)What ESG research and/or database do you subscribe to? 3)Do you pay dedicated brokerage commission for ESG research? Is ESG a factor in selecting your Broker panel? If so, what percentage (%) does it comprise of your panel/vote? 4)How much brokerage commission have you paid for ESG research in last 12 months? Investor Groups 1)Which investor groups are you a member of and outline where you are active in the group. 2)Are you a UNPRI signatory? (Yes/No) If Yes – please submit your last UNPRI report If No – please outline why not.

10. Thank you kchristodoulou@australiansuper.com