You expect high standards of behaviour in how we approach our investment activities – and we couldn’t agree more.
We’re more conscious than ever of our investment impact, as well as the environmental, social and governance (ESG) and climate factors relevant to the sustainable and responsible operation of our business. That’s why we have taken active steps to align our activities with your expectations. You can read more about the organisations and the initiatives we are involved with below.
Principles for Responsible Investment (PRI)
We became a signatory to the UN-endorsed Principles of Responsible Investing (PRI) in April 2017. As such, we adhere to principles that involve incorporating ESG factors into investment analysis and decision-making processes, being active owners, and seeking appropriate disclosure on ESG issues from the entities in which we invest.
Responsible Investment Association Australasia (RIAA)
We are a member of Responsible Investment Association Australasia (RIAA). With membership including super funds, fund managers, banks, consultants, researchers, brokers, financial advisers and individuals, it is the largest and most active network of people engaged in responsible, ethical and impact investing across Australia and New Zealand.
Financial Services Council (FSC)
The Financial Services Council (FSC) is a leading peak body which sets mandatory standards and develops policy for more than 100 member companies in the financial services sector. As a member, we are committed to the FSC standards and following its guidelines, but we also seek to provide an additional contribution by providing our expertise and input through the FSC ESG Workgroup.
THE INVESTOR GROUP ON CLIMATE CHANGE (IGCC)
Colonial First State joined the Investor Group on Climate Change. As one of the greatest challenges facing our environment, economy and society, climate change has the potential to pose significant risks to investments. By joining the group, we’re supporting the increasing collaboration between super funds and the investment community to address the risks, opportunities and challenges that climate change may have on the value of investments, the wellbeing of our planet and our members’ financial futures.
Task Force on Climate-related Financial Disclosures (TCFD)
We are a supporter of the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). The TCFD contains recommendations for voluntary and consistent climate-related financial risk disclosures, and as part of the CBA Group, we provide content that allows them to produce TCFD- aligned reporting.
Tobacco-Free Finance Pledge
The Tobacco-Free Finance Pledge seeks to reduce the financing of tobacco companies – across lending, insurance and investment. We were among the founding signatories of this United Nations Environment Programme Finance Initiative when it launched in 2018. To understand more of the background to us signing the Pledge and what it means for our portfolios, please see our exclusions.
Through our membership of the PRI, we have access to their Collaboration Platform which is a private forum that allows signatories to pool resources, share information and enhance their influence on ESG issues. In 2018, we took part in a collaboration with some of our global peers when we became signatories to an open letter to global index providers, asking them to remove controversial weapons from their indices. Learn more about the rationale behind signing the letter and what it means for our investments.
INVESTORS AGAINST SLAVERY AND TRAFFICKING ASIA-PACIFIC (IAST APAC)
Investors Against Slavery and Trafficking Asia-Pacific is an investor-led initiative convened to promote effective action among investee companies in the APAC region to find, fix and prevent modern slavery, labour exploitation and human trafficking in their value chains. These issues are sadly prevalent – even in the twenty-first century – and can involve anything from weak regulatory environments and illegal activities such as forced labour or slavery, to supply chains and business models that rely on underpaid workers. You can read more about this on our website.
Information on this webpage is provided by Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) and Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL). It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the Target Market Determinations (TMD) for our financial products at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should read the Financial Services Guide (FSG) available online for information about our services. This information is based on current requirements and laws as at the date of publication.
Tax considerations are general and based on present tax laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.
AIL and CFSIL are not registered tax (financial) advisers under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise under a tax law.