At EPFM, we have undertaken several measures to ensure our investments are positioned for Climate Change.
While we apply some negative screening and avoid investing in some sectors completely, we consider Climate Change in all investments.
Our in-house proprietary investment process, the EPORA (Ethical Partners Operational Risk Assessment), considers companies’ policies, procedures, practices, investments,reporting, trajectory and commitment to Climate Change. It considers the companies’ or sectors’ relevant material Climate Change issues, controversies,and positive actions that have been undertaken to address these, as well as any inconsistencies, concerns and red flags as regarding how a company is addressing Climate Change. Wehave had over 500 company meetings with senior management since the launch of the inception of EPASF in August 2018.
Engagement is undertaken by each analyst, supported by our Sustainability and Advocacy Manger, the Investment Director and the CEO, and includes engagement with sustainability teams, risk management, investor relations, CEOs, and Boards. It may involve site visits, meetings, or ESG advocacy activities like EPFM speaking with banking fossil fuel lending teams, advising agricultural companies’ sustainability teams about investor expectations, educating investor relations about client exclusions on their stock due to fossil fuel lobbying concerns, or advising health insurers on sector collaboration and down-stream emissions reporting expectations.
Full policy attached.
While the response to climate change risk by regulators, financial institutions and publicly listed companies is welcome, it currently is not enough to ensure a safe climate. This submission provides a comprehensive assessment of the current risks relating to Australia's key export sectors.
It is estimated that 100 pairs of hands touch your clothes before they arrive in your wardrobe. That’s 100 people at risk of modern slavery, poor working conditions, and exploitation. Ethical Partners has recently signed the Investor Statement in Support of the maintenance and expansion of the Bangladesh Accord.
During March 2021 the Fund returned 3.07% versus the S&P/ASX 300 Accumulation Index of 2.30%, outperforming the market by 0.77%. An overweight position in consumer staples and an underweight position in materials contributed to relative performance while an overweight position in financials and an underweight position in consumer discretionary detracted from relative performance. The Fund is +20% over the last six months.
Globally, 15% of the population are persons with disabilities. The labor force participation rate globally for people with disabilities sits at 32.8% compared to 77.1% for those without disabilities. We believe it is imperative that investors use their shareholder voice to raise the awareness of this important diversity issue and help companies to improve their inclusion.