BetaShares Global Sustainability Leaders ETF – Currency Hedged (ASX: HETH)

Product Name

BetaShares Global Sustainability Leaders ETF – Currency Hedged (ASX: HETH)

Issuer

BetaShares

Category

Investment

Type

Exchange Traded Fund - ETF (inc. ETP)

Target

Wholesale, Retail, Institutional

Certified Since

2017

Asset Classes

International equities

Markets

New Zealand, Australia

Investment Approaches

Negative Screening, Positive Screening

It Includes:

  • Riaa icons 11 Impact investments
  • Riaa icons 10 Renewable energy and energy efficiency
  • Riaa icons 13 Sustainable transport
  • No inclusions5 No specific themes
  • Investment2 More sustainable companies

It has some level of screening for:

  • Riaa icons 33 Fossil fuels

It fully excludes:

  • Riaa icons 41 Alcohol
  • Riaa icons 56 Animal cruelty
  • Riaa icons 36 Armaments
  • Riaa icons 42 Gambling
  • Riaa icons 52 Human rights abuses
  • Riaa icons 38 Labour rights violations
  • Riaa icons 50 Nuclear power
  • Riaa icons 99 Pornography
  • Riaa icons 35 Tobacco

Overview

HETH provides investors with a low-cost and easy way to obtain exposure to 200 large global stocks (excluding Australia) which are climate change leaders and which are not materially engaged in activities deemed inconsistent with responsible investment considerations, with foreign currency exposure hedged back to the Australian Dollar. The Fund owns stocks that have been identified as “Climate Leaders” that have also passed other eligibility screens designed to exclude companies with direct or significant exposure to the fossil fuel industry or engaged in other activities deemed inconsistent with responsible investment considerations.


Description


HETHI focuses on: 

a) Climate leaders are companies that have carbon efficiency that places them in the top one-third of companies in the respective industry, or are superior performers in relation to "Scope 4" carbon emissions (also known as "avoided emissions").

  • Carbon impact: calculated based on the total greenhouse gas emissions from a company's operations, fuel use, supply chain and business activities, divided by its annual revenue.
  • Avoided emissions: superior performers are those companies involved in commercialising technologies that have net positive climate benefits through substantial greenhouse gas emission reductions (e.g., primary business activities in renewable energy, energy efficiency, sustainable agriculture and land use, and carbon sequestration).
  • Fossil Fuel Screen is applied to the universe of Climate Leaders which removes companies with any direct involvement in the fossil fuel industry, as well as companies with material indirect exposure and those with particularly high use of fossil fuels.
 
b)  A wide range of ESG screens - Excludes companies that are engaged in other activities deemed inconsistent with responsible investment considerations

RIAA is aware that BetaShares has not yet disclosed the activities and outcomes of the fund’s stewardship activities in line with the Responsible Investment Standard. RIAA has certified HETH based on BetaShares’ formal commitment to disclose stewardship activities and outcomes within an agreed timeframe.

Other products certified by the Responsible Investment Association Australasia (RIAA)

BetaShares Australian Sustainability Leaders ETF (ASX: FAIR)

BetaShares Ethical Diversified Balanced ETF (ASX: DBBF)

BetaShares Ethical Diversified Growth ETF (ASX: DGGF)

BetaShares Ethical Diversified High Growth ETF (ASX: DZZF)

BetaShares Global Sustainability Leaders ETF (ASX: ETHI)

BetaShares Sustainability Leaders Diversified Bond ETF - Currency Hedged (ASX: GBND)

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