Sunsuper Ethical, Environmental, and Socially Responsible Investments

Product Name

Sunsuper Ethical, Environmental, and Socially Responsible Investments

Issuer

Sunsuper

Category

Superannuation or KiwiSaver product

Type

Superfund option

Target

Retail

Certified Since

2007

Certification Symbol

SRI

Asset Classes

Diversified / Balanced

Markets

Australia

Investment Approaches

Negative Screening, Other

It Includes

  • Default selected inclusion No specific inclusions

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

Invest in a portfolio diversified across all asset types, but with an emphasis on shares and property. Suitable for investors who are seeking to accumulate wealth over the long term and who want to ensure that their investments are made in line with an extended set of environmental, social and governance principles.


Description


Sunsuper offers a Socially Responsible Investment (SRI) option, Ethical, Environmental and Socially Responsible Investments. This option seeks to invest with managers that are identified leaders in their responsible approach to environmental, social and ethical considerations, labour standards and governance. 

Managers are required to avoid companies operating within sectors with recognised high negative social impact, which means the option will avoid exposure to companies with material exposure to the production or manufacture of alcohol, armaments, gambling, pornography, tobacco and nuclear power (including uranium). Material exposure is considered to be where a company derives more  than 10% of its total revenue from these industries. 

The option will also avoid exposure to companies that derive more than 20% of  revenues from the exploitation of thermal coal or oil sands.  

Currently, the option does not take environmental, social and ethical considerations, labour standards and corporate governance factors into account in respect of listed property and cash. Where it is appropriate for the asset class, the fund will invest in a sector on an index basis if a responsible investment equivalent is not available.