Combined Super Sustainable Responsible Investment (SRI) Balanced Option

Product Name

Combined Super Sustainable Responsible Investment (SRI) Balanced Option

Issuer

Combined Super

Category

Superannuation or KiwiSaver product

Type

Superfund option

Target

Retail

Certified Since

2006

Certification Symbol

SRI

Asset Classes

Diversified / Balanced

Markets

Australia

Investment Approaches

Negative Screening, ESG Integration, Engagement

It Includes

  • Riaa icons 11 More sustainable companies

It Excludes

  • Riaa icons 33 Fossil fuels
  • Riaa icons 34 Logging
  • Riaa icons 35 Tobacco
  • Riaa icons 50 Nuclear energy (including uranium)
  • Riaa icons 52 Human rights violations
  • Riaa icons 38 Labour rights violations
  • Riaa icons 56 Animal cruelty
  • Riaa icons 36 Armaments
  • Riaa icons 41 Alcohol
  • Riaa icons 42 Gambling
  • Riaa icons 55 Pornography
  • Riaa icons 45 Genetic engineering

Overview

This Option invests in a cross-section of diversified assets with an emphasis on growth from sustainable responsible investments over the medium term and reduced risk.


Description


The SRI Balanced Option is invested with investment managers who consider social and environmental factors when making investments and can involve avoiding industries considered to be the least socially and environmentally sustainable such as tobacco and gambling. AMP’s Responsible Investment Leaders Balanced Fund is used for the time being but the Trustee may also appoint other managers at any time.

An outcome of the ESG integration process is that the portfolio has a positive ESG bias. The requirement and the approach to integration is included in the Investment Management Agreements (IMA's) with external fund managers.

Exclusion note: The fund excludes companies where more than 20% of the value of the company comes from thermal coal mining, brown coal power generation, coal to gas or liquid production, oil sands production and pipeline infrastructure associated with oil sands production.

Inclusion note: Companies that demonstrate the most socially and environmentally sustainable performance outcomes in sectors such as renewable energy, health care, education and training, waste management and mass transport are included, if the investment case can be made.

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