A diversified strategy that blends asset classes and investment managers, with the objective of providing investors with competitive returns over a range of markets. We combine a stringent investment approach with a responsible investment philosophy, outlined in the fund’s Charter of Operation. An Ethics Committee fulfils an environmental, social and governance (ESG) oversight role for the fund.
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.
Additionally, companies are included that exhibit good environmental practices. In assessing this, the investment manager may have regard to environmental standards, particularly domestic and international environmental law, a company's level of development of environmental management systems, such as the ISO 14001 environmental management standard and environmental performance outcomes.
Companies are also included if they exhibit good work practices. In assessing this the investment manager may have regard to labour standards, particularly occupational health and safety and human resource management and workplace relations. Companies may also be included if they establish good corporate governance procedures and ethics. This analysis focuses on the manner in which organisational values are established, embraced and reported both within and outside an organisation (e.g. clear and coherent codes of conduct and compliance with corporate governance standards), and the way in which these values are reflected in the company's management processes (e.g. policies regarding director share ownership, remuneration procedures and forward-looking succession planning.)
Exclusions note - Fossil Fuels: Direct fossil fuels only. 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.