We encourage the Australian Government to:
- Introduce legislation requiring public project-by-project level reporting of tax affairs for all ASX listed and large privately owned extractive companies operating in or from Australia. These laws should be equivalent to laws currently in the UK, EU, Switzerland, Norway and Canada.
- Implement the Extractive Industries Transparency Initiative (EITI) in Australia including re-starting the multistakeholder group in 2020.
This research report has been produced by Publish What You Pay Australia with generous support from Ethical Partners Funds Management. Authors and contributors include Clancy Moore, Robyn Parkin, Georgie Van Der Staay, Alicia Kelly. Thanks to Publish What You Pay coalition representatives - Peter Colley (CFMMEU), Hannah Clua-Saunders (Transparency International Australia), Miles Litvinoff (PWYPUK) and Joe Williams (NRGI)
See full report attached
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.