Key updates (Ethical Partners Australian Share Fund):
- The Weighted Total Emissions (Scope 1 and 2) for the Ethical Partners Australian Share Fund have decreased by 50% over the last year (since the June 2021 baseline).
- The decline in the overall emissions profile of the fund is due to a number of factors. These include portfolio constituent changes in addition to changes in weights of key companies. We are also starting to see evidence of companies reducing their emissions over the period and we expect this to continue into the future. While there has been significant progress, we note that our emissions may fluctuate at time to time as positions in the fund change, however this will be continuously managed in line with our clear yearly education targets and our firm 2030 and 2050 emissions reduction commitments.
- The Ethical Partners Australian Share Fund’s weighted total emissions and WACI against the ASX300. The ETHASF’s weighted total emissions is 83% smaller than the ASX300 and the WACI is 55% lower than that of the ASX300.
Download more detail below.
Ethical Partners are pleased to see Australia take the next steps to implement mandatory climate reporting with the release of draft climate standards, which we provided feedback on.
Ethical Partners have continuously called for the provision of high quality, comparable data on company’s climate governance and carbon metrics, which we believe is imperative for investors to fulfil the potential of responsible investment.
Ethical Partners have been proud to have been active supporters of the TNFD Forum over the past few years, and to provide regular feedback on the development of the official TNFD recommendations, which were launched in December, as well as to be active members of the RIAA Natural Capital Working Group.