Plastic Free July is a month to remember and commit to reducing our impact on the environment through our usage of plastics. It is becoming increasingly clear we can no longer ignore the risks of a linear economy, in which raw natural resources are taken, transformed into products and then disposed. As investors, we are also increasingly aware of the financial risks related to plastic pollution as a global driver of biodiversity loss and climate change. Unfortunately, the global pandemic has only accelerated the usage of single-use plastics over the last 18 months making concerted action by corporates, investors, and consumers on plastics even more crucial. Ethical Partners is therefore taking the opportunity of Plastic Free July to refresh our commitment to:
• reducing our own internal plastic consumption and waste generation, and to
• participate in collaborations and policy advocacy for action on plastics.
• continuing to assess and engage our portfolio companies on their plastics footprint and the move to a circular economy model.
Please read more about our thoughts, commitments in the attachment.
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.
Ethical Partners is proud to be part of over 40 collaborations across the investment industry and with civil society. We believe it is crucial for investors to collaborate, as we see collaboration as both a powerful way to compel companies and policy makers to address issues, but also to advance conversations on these issues amongst the investment community.