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
During December 2020 the Fund returned 2.11% versus the S&P/ASX 300 Accumulation Index of 1.32%, outperforming the market by 0.79% (after fees). Overweight positions in Renewable Energy and Transition Commodities and an underweight position in Healthcare contributed to relative performance while an overweight position in Food Products and an underweight position in Information Technology detracted from relative performance.
Ethical Partners has made a submission to to the inquiry on the Climate Change Bill. In our view it is clear that we desperately need whole of government support around the important elements of this bill.
Biodiversity is a very important area of engagement for us at EPFM, and an area of increasing interest for investors. Experts believe that we are in the midst of the Earth’s sixth mass extinction event -some 75 per cent of terrestrial and 66 per cent of marine environments have already been severely altered by human activity and one million species face extinction – many within decades.
During October 2020 the Fund returned 2.85% versus the S&P/ASX 300 Accumulation Index of 1.89%, outperforming the market by 0.96% (after fees). Overweight positions in Insurance stocks and an underweight position in Metals & Mining contributed to relative performance while overweight positions in Consumer Staples and Media & Entertainment detracted from relative performance.