Ethical Partners had the immense pleasure of meeting with James Bartle, the CEO and founder of Outland Denim earlier this year. Outland Denim is a amazing company that not only makes premium jeans but also provides sustainable employment and training opportunities to women in Cambodia, pays a living wage, and is committed to sourcing the most ethically and environmentally sound raw materials from the pocket linings to the zippers, dyes, leather patches and recycled packaging. They were the only Australian brand to be awarded an A+ in all four areas that are assessed by the Ethical Fashion Guide, which is published by Baptist World Aid, one of Ethical Partner’s NGO Panel, which conducts excellent research in this field. The areas that are assessed by Baptist World Aid, and in which Outland Denim excelled, are policies, transparency and traceability, auditing and supplier relationships and worker empowerment.
Ethical Partners really enjoyed meeting with James, hearing about the inspiration behind Outland Denim, the challenges they have faced and seeing how Outland Denim's philosophy of making sure that no one loses out so you can “win” at fashion can be achieved. We also gained lots of valuable insights into how Ethical Partners can approach discussing these issues and ideas with other fashion companies that we meet with.
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.