Ethical investor steers clear of 'risky' aged care
Ethical Partners Funds Management chief executive Matt Nacard says ethical risks of investing in the listed aged care sector are too high, and areas like human rights are gaining increased focus by its investors. "Aged care deals with human beings in their most vulnerable state," he said. "[Yet] many of these companies don’t have human rights polices – which was quite astounding to us." The listed aged care stocks are not part of Ethical Partners' invastable universe. Ethical Partners, along with the Australasian Centre for Corporate Responsibility, said in their submission to the royal commission that it strongly believes companies that treat the world and people in a better way will do better than the broader market in the long run. "We made this submission because we believe shareholders have got a really important and often under-utilised voice to speak for things like this," said Robyn Parkin, Ethical Partners' head of sustainability research and advocacy