Australian Catholic Super and Retirement Fund Socially Responsible Balanced Fund

Product Name

Australian Catholic Super and Retirement Fund Socially Responsible Balanced Fund

Issuer

Australian Catholic Superannuation and Retirement Fund (ACSRF)

Category

Superannuation or KiwiSaver product

Type

Superfund option

Target

Retail

Certified Since

2008

Certification Symbol

SRI

Asset Classes

Diversified / Balanced

Markets

Australia

Investment Approaches

Negative Screening, ESG Integration

It Includes

  • Riaa icons 11 More sustainable companies
  • Riaa icons 10 Renewable energy
  • Riaa icons 12 Healthcare & medical products
  • Riaa icons 13 Sustainable transport

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

Overview

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.


Description


For Australian Catholic Super and Retirement Fund members wishing to take a stronger stance in relation to ESG and Responsible Investing, the Trustee offers an investment option that takes into account ethical issues such as labour standards, and environmental and social concerns. This option is currently invested in the Australian Ethical Balanced Fund. 

However, the Trustee may change investment managers and/or products in future.

In selecting investments for the Fund, consideration and assessment is made from a financial, social and environmental perspective.

Australian Ethical seeks out investments which have a positive impact on people, animals or the environment, including supporting:

  • renewables and energy efficiency for a low-carbon economy
  • technological advances to reduce resource use
  • medical breakthroughs and care
  • efficient transport
  • reuse and recycling
  • respect for employees and communities.

Australian Ethical avoids investments which exploit people or cause unnecessary social or environmental harm, including tobacco producers, fossil fuel companies, uranium miners and companies with material exposure to the production of alcohol, armaments, gambling or pornography.

Australian Ethical also uses its influence as an investor to encourage companies to maximise the positive impacts of their activities, and to minimise their negative impacts.


If a company is assessed to breach Australian Ethical’s ethical frameworks, it is Australian Ethical’s policy that the company will be divested from the portfolio as soon as practically possible without unduly affecting the portfolio’s performance. 

Other investment options

For all other investment options, decisions about the selection, retention or realisation of investments are based on a number of factors. 

Australian Catholic Superannuation is committed to delivering the highest possible return on its investments to its members while assessing and managing foreseeable risk factors as effectively as possible.

In selecting its investments and investment managers, the Fund is cognisant of the general risk characteristics of each asset class and of the investment styles of each of the managers that it appoints.

We recognise that environmental, social and corporate governance (ESG) considerations can have a positive influence on the financial performance of companies, particularly over the long term.

The Trustee encourages each external investment manager to consider ESG factors alongside traditional financial measures when making investment decisions. However, we do not have a predetermined view or methodology for considering ESG issues.

For more information on our responsible investing initiatives, refer to our Responsible Investment Policy which is available on our website.

UN Principles for Responsible Investing

The Trustee has adopted the United Nations Principles for Responsible Investing which require the Fund to: 

  • incorporate ESG (environmental, social and governance) issues into investment analysis and decision making;
  • be active owners and incorporate ESG issues into ownership policies and practices;
  • seek appropriate disclosure on ESG issues by the entities in which we invest;
  • promote acceptance and implementation of the Principles within the investment industry;
  • work together with other signatories to enhance our effectiveness in implementing the Principles and;
  • report on our activities and progress towards implementing the Principles.