How we evaluate products
Responsible Investment strategies, processes, practices and disclosures are assessed against the eight criteria for product certification in the Responsible Investment Standard and accompanying Guidance and Assessment Notes.
What this symbol means
General certification: This Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations, and that it adheres to the operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product.
Sustainable Plus classification: This Symbol signifies that a product or service has been certified and classified to offer an investment style that takes into account environmental, social, governance or ethical considerations, with embedded, measurable and reported sustainability objectives aligned with portfolio holdings and stewardship practices, adhering to the operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product.
<span class="text-size-xxsmall">The content on this webpage is provided by Responsible Investment Association Australasia Ltd (ACN 641 046 666, AFSL 554110). For more information refer to our Financial Services Guide. Certain content provided may constitute a summary or extract from the offer document of a financial product. Any general advice has been provided without reference to your investment objectives, financial situation or needs. If the advice relates to the acquisition of a particular financial product for which an offer document (such as a product disclosure document) is available, you should obtain the offer document relating to the particular financial product and consider it before making any decision whether to acquire the product. Past performance does not necessarily indicate a financial products’ future performance. To obtain information tailored to your situation, contact a financial adviser.</span>
Themes & Issues
Society
Environment
<span class="text-size-xxsmall">For RIAA’s definitions of the themes included and issues avoided, please view this guide. Product-specific exclusion criteria and practices may vary. You can find these by referring directly to the product provider.</span>
Overview
The Fund's approach to ESG:
The Fund does not have ESG targets and on that basis is not designed for investors who are looking for funds that meet particular ESG targets.
This Fund's investment decision process, including with respect to ESG factors, may differ to other funds managed by the Investment Manager.
With respect to this Fund (please refer to the AIB for further information):
— the Investment Manager utilises a proprietary carbon calculator to calculate if an entity is forecast to achieve operational carbon net zero by 2050. If an entity is forecast to achieve this target it will be considered eligible for investment. If an entity is not forecast to achieve this target it will not be eligible for investment;
— then each entity considered for investment undergoes a qualitative ESG analysis and assessment to determine ESG score, which will then be factored into the valuation methodology (as a variable in that methodology). All else being equal, a higher ESG score will lead to a higher valuation for an entity.
The Investment Manager may raise ESG matters with senior management, including board members, during engagement with entities, and analyses relevant information obtained from direct engagement, together with in-house and third-party research is taken into account when assessing how well entities are considering and managing ESG factors.
Description
The Fund aims to outperform the relevant benchmark for each class of units (before fees and taxes), over rolling three-year periods.