We understand that it is time for real, practical and structural reform that follows through with what First Nations called for in the Uluru Statement from the Heart.
We believe that as the first stewards of Australia, Aboriginal and Torres Strait Islander people and culture should hold a special and celebrated place in the institutions and fabric of modern Australian society. In addition, and consistent with the UN Declaration on the Rights of Indigenous Peoples, Aboriginal and Torres Strait Islander people should have a say on the laws, policies and services that impact their lives. We support efforts, like the Voice Co-Design process, that promote greater self-determination for Indigenous Australians. We believe an Indigenous Voice, enshrined in the constitution could provide the necessary mechanism in a fair and practical way.
The tragic human rights situation currently unfolding in Myanmar holds particular significance to our Sustainability Analyst Georgina. Please read Georgie’s poignant thoughts on her visit to the camp, our expectations on our portfolio companies in regard to Myanmar, and why Ethical Partners has recently signed on to the Investor Statement on Human Rights and Business Activities in Myanmar.
As members of the Investor Group on Climate Change, Ethical Partners Funds Management strongly endorses its new roadmap released today in conjunction with the CDP and the Principles for Responsible Investment. It is entitled: "Confusion to clarity: A plan for mandatory TCFD-aligned disclosure in Australia".
During May 2021 the Fund returned 1.56% versus the S&P/ASX 300 Accumulation Index of 2.31%, underperforming the market by -0.75%. An underweight position in IT and an overweight position in Westpac contributed to relative performance while an overweight position in Consumer Staples and an underweight position in CBA detracted from relative performance.