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.
While the response to climate change risk by regulators, financial institutions and publicly listed companies is welcome, it currently is not enough to ensure a safe climate. This submission provides a comprehensive assessment of the current risks relating to Australia's key export sectors.
It is estimated that 100 pairs of hands touch your clothes before they arrive in your wardrobe. That’s 100 people at risk of modern slavery, poor working conditions, and exploitation. Ethical Partners has recently signed the Investor Statement in Support of the maintenance and expansion of the Bangladesh Accord.
During March 2021 the Fund returned 3.07% versus the S&P/ASX 300 Accumulation Index of 2.30%, outperforming the market by 0.77%. An overweight position in consumer staples and an underweight position in materials contributed to relative performance while an overweight position in financials and an underweight position in consumer discretionary detracted from relative performance. The Fund is +20% over the last six months.
Globally, 15% of the population are persons with disabilities. The labor force participation rate globally for people with disabilities sits at 32.8% compared to 77.1% for those without disabilities. We believe it is imperative that investors use their shareholder voice to raise the awareness of this important diversity issue and help companies to improve their inclusion.