Australian Ethical (Australia)

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Australian Ethical is an Australian investment manager and superannuation fund.[i] At the end of 2016, Australian Ethical had more than 26,000 superannuation fund members and AUD 1.5 billion (€1 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.[vi]

 

Website: https://www.australianethical.com.au/ Twitter: @austethical Facebook: https://www.facebook.com/australianethical
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[i] Australian Ethic, ‘Information for Financial Advisers’, website Australian Ethical (https://www.australianethical.com.au/advisers/), viewed 23 January 2018.

[ii] Australian Ethical, “Annual & Sustainability Report 2016”, page 4, 6, available at: https://www.australianethical.com.au/wp-content/uploads/2015/05/AustralianEthical_AnnualReport_D8_ASX.pdf, viewed 23 January 2018.

[iii] Australian Ethical, “Australian Ethical Charter”, website Australian Ethical (https://www.australianethical.com.au/#overlay-209), viewed 23 January 2018.

[iv] Australian Ethical, “The Nuclear Risk Matrix”, website Australian Ethical (https://www.australianethical.com.au/news/nuclear-risk-matrix/), viewed 23 January 2018.

[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, viewed 23 January 2018.

Last modified 6 July 2018

About Maaike Beenes

Maaike Beenes works for the humanitarian disarmament program for PAX in the Netherlands. She researches investments by financial institutions in producers of controversial weapons, notably nuclear weapons and cluster munitions, and is co-author of the reports ‘Don’t Bank on the Bomb’ and ‘Worldwide Investments in Cluster Munitions’. As part of the Don’t Bank on the Bomb campaign of PAX and ICAN, she works together with campaigners around the world to hold banks and other investors accountable for their investments in nuclear and other controversial weapons. She was involved in the negotiations for the Treaty on the Prohibition on Nuclear Weapons on behalf of PAX and ICAN.