Aberdeen Standard Focused Sustainable Australian Equity Fund

Product Name

Aberdeen Standard Focused Sustainable Australian Equity Fund

Issuer

Aberdeen Standard Investments Australia Ltd

Category

Investment

Type

Fund or Trust

Target

Wholesale, Retail, Institutional

Certified Since

2021

Asset Classes

Australian only equities

Markets

Australia

Investment Approaches

Sustainability themed, Negative Screening

It Includes:

  • Riaa icons 12 Healthcare and medical products
  • Riaa icons 10 Renewable energy and energy efficiency
  • Investment2 More sustainable companies

It has some level of screening for:

  • Riaa icons 56 Animal cruelty
  • Riaa icons 33 Fossil fuels
  • Riaa icons 42 Gambling
  • Riaa icons 52 Human rights abuses
  • Riaa icons 38 Labour rights violations
  • Riaa icons 34 Logging
  • Riaa icons 50 Nuclear power
  • Riaa icons 99 Pornography
  • Riaa icons 35 Tobacco

It fully excludes:

  • Riaa icons 36 Armaments

Overview

The Fund will aim to generate strong long-term performance over the benchmark by allocating capital to best-in-class ESG (environmental, social and governance) companies, as well as those seeking to improve ESG practices and uphold recognised sustainability standards. The Fund will target a weighted average carbon intensity at least 20% lower than the benchmark for the Fund*.


Description


The Fund will not invest in companies which have a revenue contribution: 

• of 5% or more from tobacco or are tobacco manufacturers 
• of 5% or more from gambling 
• of 10% or more from unconventional oil and gas extraction or are investing in new unconventional extraction capacity in their own operations 
• from thermal coal extraction 
• from the manufacture or sale of conventional weapons or weapons support systems 
 
In addition, the Fund will not invest in companies which: 

• have failed to uphold one or more principles of the UN Global Compact 
• are involved in controversial weapons covering; cluster munitions, anti-personnel landmines, nuclear weapons, chemical and biological weapons, depleted uranium ammunition and blinding lasers 
• are primarily involved in conventional oil and gas extraction and do not have a significant revenue contribution from natural gas or renewable alternatives 
• are directly involved in electricity generation which has a carbon emission intensity inconsistent with the Paris Agreement 2 degrees scenario 
• are directly investing in new thermal coal or nuclear electricity generation capacity in their own operations.

*As measured by the ASI Carbon Footprint tool (which uses Trucost data for Scope 1&2 emissions) calculated quarterly and reported six-monthly. 

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