Australian Ethical (Australia)
Australian Ethical is an Australian investment manager and superannuation fund.[i] At the end of 2015, Australian Ethical has more than 20,000 superannuation fund members and AUD 1.167 billion (€789 billion) funds under management.[ii]
The Australian Ethical Charter states that “Australian Ethical shall avoid any investment which is considered to unnecessarily: create, encourage or perpetuate militarism or engage in the manufacture of armaments.”[iii]. The website goes on to explain that “At Australian Ethical, we won’t invest in nuclear or other weapons”[iv].
Australian Ethical doesn’t invest in any nuclear associated companies and applies a 0% revenue threshold for companies for manufacture of weapons, uranium mining and nuclear power generation. Australian Ethical applies the policy to all assets it manages, including third party funds. Australian Ethical applies the policy to all types of investments. It does not make use of external asset managers.[v]
Australian Ethical does not make use of an exclusion list, instead it publishes its inclusion list based on research conducted by an internal ethics team and MSCI ESG research database and CAER company reports.[vi]
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I saw on www.dontbankonthebomb.com that you have a comprehensive policy prohibiting investments in nuclear weapons producing companies.
Financial institutions like yours are helping to build the stigma around these inhumane weapons, something that is urgently needed. Nuclear weapons are the only weapon of mass destruction that’s not explicitly outlawed through an international treaty- and thanks to your policy we can show how important and necessary it is that all of society act urgently to prohibit and eliminate nuclear weapons once and for all.
Thank you for your help in creating a nuclear weapons free world.
With kind regards,
[ii] Australian Ethical, “Annual Report 2015”, p.2, available at: https://www.australianethical.com.au/wp-content/uploads/2015/05/20150925-AEF-Annual-Report-2015.pdf, viewed 30 September 2016.
[iv] Australian Ethical, “The Nuclear Risk Matrix”, website Australian Ethical, (https://www.australianethical.com.au/news/nuclear-risk-matrix/), viewed 30 September 2016.
[v] Australian Ethical written response to PAX, 14 June 2016.
[vi] Australian Ethical, written response to PAX 14 June 2016. The inclusion list can be found here: https://www.australianethical.com.au/managed-funds/#overlay-278 ; Australian Ethical, “Sustainability Report 2015”, p.7 available at https://www.australianethical.com.au/wp-content/uploads/2015/05/Sustainability-Report-2015.pdf, viewed 30 September 2016.