On 21st June this year, Ethical Partners was present in the Upper House of the NSW Parliament to watch the passage of the Modern Slavery Bill, Australia’s first legislation on Modern Slavery. This historic legislation is a very positive first step in addressing the issue, and Ethical Partners strongly welcomes the requirements within this bill for enhanced corporate reporting on slavery within supply chains. Several week later, Ethical Partners was also honoured to meet with the Hon.Paul Green MLC, who championed the NSW legislation, in his offices in Parliament. We enjoyed this opportunity to discuss with him the implications of this Bill for company reporting, and how Ethical Partners can help support the application of this legislation in their dealings with companies. We very much look forward to the enhanced reporting and deeper conversation around the issues of supply chain transparency that this legislation can provide.
A week later, a separate Modern Slaverly Bill was introduced to the Australian Parliament on 28 June 2018 by the Assistant Minister for Home Affairs, the Hon Alex Hawke MP. Debate on the Bill will occur in the second half of 2018.
Key elements of the Federal Modern Slavery Bill include:
The Bill does not include:
(Source for details of the Federal Bill: Business and Human Rights Resource Centre, July 2018)
During October 2021 the Fund returned 1.09% versus the S&P/ASX 300 Accumulation Index of 0.10%, outperforming the market by 0.99%. An overweight position in Materials added to relative performance while and overweight position in Financials detracted from relative performance.
This World Children’s Day, 20 November, we recognise the devastating and disproportionate impact the climate crisis is having and will continue to have on children. As the most anticipated event of the year, COP26, finishes, it remains clear we have never needed more urgent action from government, business and society to respond to the climate crisis
During September 2021 the Fund returned -1.19% (after fees) versus the S&P/ASX 300 Accumulation Index of -1.89%, outperforming the market by 0.70%. An underweight position in Healthcare and an overweight position in Transport added to relative performance. Over the last 12 months the Fund has returned 36.03%, outperforming the ASX300 Accum Index by 5.17%.