Australian Catholic Super and Retirement Fund Socially Responsible Balanced Fund

Product Name

Australian Catholic Super and Retirement Fund Socially Responsible Balanced Fund


Australian Catholic Superannuation and Retirement Fund (ACSRF)


Superannuation or KiwiSaver product


Superfund option



Certified Since


Certification Symbol


Asset Classes

Diversified / Balanced



Investment Approaches

Negative Screening, ESG Integration

It Includes

  • Riaa icons 11 More sustainable companies

It Excludes

  • Riaa icons 33 Fossil fuels
  • Riaa icons 35 Tobacco
  • Riaa icons 50 Nuclear energy (including uranium)
  • Riaa icons 36 Armaments
  • Riaa icons 41 Alcohol
  • Riaa icons 42 Gambling
  • Riaa icons 55 Pornography


The fund's aim is to achieve an investment return, after tax and investment expenses of at least 3.0% per annum above CPI, over rolling 10 year periods. This forms the basis of where we choose to invest your money. We expect to exceed the investment objective in the majority of years in the rolling 10 year periods.


Australian Catholic Super and Retirement Fund Socially Responsible Balanced Fund takes into account labour standards and environmental, social and ethical issues. This option is currently invested in the AMP Capital Responsible Investment Leaders Balanced Fund. However, the Trustee reserves the right to change investment managers and/or products in future. The Responsible Investment Leaders Balanced Fund uses a multimanager approach in implementing its Sustainable and Responsible Investment strategy. 

In selecting managers, consideration and assessment is made from a financial, social and environmental perspective. From a social and environmental perspective, AMP Capital seeks out managers that are identifying leaders across industries, in their responsible approach to the following issues:

  • environmental considerations -including energy and resource use and product stewardship (for example, where a company takes into account the life cycle of the product, from manufacture to the extent to which the product can be recycled)
  • social considerations, including indigenous relations and community involvement ethical considerations, including meeting fundamental human rights, and articulating and implementing a Code of Conduct
  • labour standards, including Occupational Health and Safety, International Labour Organisation standards, working conditions and the exclusion of child labour and governance considerations, including meeting corporate governance guidelines on board structures and remuneration.
Managers are also required to avoid companies operating within sectors with recognised high negative social impact. This means the underlying funds will avoid exposure, either directly or indirectly through underlying managers and funds, to companies with material exposure to the production or manufacture of alcohol, armaments, gambling, pornography, tobacco and uranium. Material exposure is considered to be where a company derives more than 10% of its total revenue from these industries. 

With respect to fossil fuels, the fund does not include companies that have a more than 20 per cent exposure to mining thermal coal, exploration and development of oil sands, brown-coal or lignite coal-fired power generation, transportation of oil from oil sands or conversion of coal to liquid fuels/feedstock. 

In addition to the specific negative screens, the underlying managers generally adopt a balanced scorecard approach to determine whether they can invest in a particular company.

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