Mercer Socially Responsible Global Shares Fund -Unhedged Units

Product Name

Mercer Socially Responsible Global Shares Fund -Unhedged Units

Issuer

Mercer Investments (Australia) Limited

Category

Investment

Type

Fund or Trust

Target

Retail, Wholesale, Institutional

Certified Since

2018

Asset Classes

International equities

Markets

Australia

Investment Approaches

ESG Integration, Sustainability themed

It Includes:

  • Riaa icons 14 Education
  • Riaa icons 32 Green property
  • Riaa icons 12 Healthcare and medical products
  • Riaa icons 11 Impact investments
  • Riaa icons 10 Renewable energy and energy efficiency
  • Riaa icons 15 Social and sustainable infrastructure
  • Tree green background Sustainable land and agricultural management
  • Riaa icons 13 Sustainable transport
  • Riaa icons 31 Sustainable water
  • Investment2 More sustainable companies

It has some level of screening for:

  • Riaa icons 41 Alcohol
  • Riaa icons 36 Armaments
  • Riaa icons 33 Fossil fuels
  • Riaa icons 42 Gambling
  • Riaa icons 99 Pornography
  • Riaa icons 35 Tobacco

It fully excludes:

    Overview

    The Mercer Socially Responsible Global Shares Fund provides exposure to Global shares using a socially responsible and multi-manager approach. ESG considerations, including labour standards, climate change, principles of sustainable investment and good corporate governance are incorporated in the Fund’s investment decision making and ownership practices. The investment managers for this Fund must take into account Mercer’s commitment to sustainable investing and good corporate governance through ESG integration, proxy voting and engagement, and sustainability-themed investing in their investment decision making process. Furthermore, the Fund will not invest in companies that meet certain exclusions criteria (more below).


    Description


    The Mercer Socially Responsible Global Shares Fund employs ESG integration, active ownership, sustainability themes and screening strategies in its responsible investment approach. It includes all the foundations applied across all Mercer Funds, but is designed for those that want to invest according to an even wider set of ethical criteria and have a higher proportion of sustainability-themed assets.
     
     1. ESG integration, the Mercer Socially Responsible Global Shares Fund only appoints managers that meet Mercer's ESG Ratings criteria of ESG1 or ESG2 (with ESG1 being the highest rating and ESG4 being the lowest). The Fund also expects to have a carbon intensity that is 45-50% below the carbon intensity of the benchmark as measured annually (but this is not a set objective).
     2. Active ownership, through voting and engagement, at a global level primarily leverages the engagement managers undertake with companies, together with the engagement we undertake with our managers and through collaborative initiatives. 
     3. Sustainability-themed exposures are higher in this Fund than Mercer's equivalent Global Shares Fund with four managers and 70% of the Fund explicitly focused on sustainability-themed investing.  
     4. Excluded investments include the following: 
    • Tobacco - Companies involved in the manufacture and/or production of tobacco products (regardless of revenue), including subsidiaries and joint ventures, as well as any other company that derives 50% or more of revenue from other tobacco-related business activities such as packaging, distribution and retail of tobacco products.
    • Controversial weapons: Companies that manufacture whole weapons systems, or delivery platforms, or components that were developed or are significantly modified for exclusive use in cluster munitions, anti-personnel landmines, biological or chemical weapons, nuclear weapons, as well as companies involved in the production and retailing of automatic and semi-automatic civilian firearms and ammunition. 
    • Plus companies with a material exposure* to:
    • Alcohol production
    • Carbon intensive fossil fuels (defined as thermal coal and tar sands)
    • Gambling
    • Pornography
    *Material exposure is defined as 10% of revenue or greater in the last financial year. 

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

    Mercer Socially Responsible Australian Shares Fund

    Mercer Socially Responsible Global Shares Fund -Hedged Units

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