", Engagement by super funds and many other bodies is slowly but surely having a positive impact. On balance, we believe Westpac and NAB are having a positive impact on society and we currently remain invested in both companies. © 2020 Australian Ethical Investment Ltd (ABN 47 003 188 930, AFSL 229949). Many people find this distinction confusing. However, it has diversification caps in place which place some restrictions on what the fund will invest in and, in this case, that means that the companies stay, for now at least.

Read more: 4 strategies for ethical super investing. Ansell has since added stronger wording to its supplier agreement on human rights issues and increased auditing for its suppliers and manufacturing facilities. Will switching funds or product have a significant impact on your nest egg? In the next instalment, we will look at how ethical super funds and options are performing and how much they cost in fees. For an entire super fund to qualify for RIAA certification, the following criteria must be met: At least two ethical investment strategies must be applied across the entire super fund. What is ethical super?Some of the industries ethical funds and products commonly seek to exclude:Fossil fuel producersAlcoholAnimal crueltyCompanies with bad human rights recordsTobaccoControversial weaponsOld-growth loggingGambling. The holdings include all five of the Ethical Consumer's 'five unethical companies to avoid', namely Amazon, Coca-Cola, Walmart, Nestlé SA and Tesco.

If you strongly feel that you can only abide your super being invested in companies where the CEO is a cat then, sure, you should you be able to do that too. But commercial food production often involves exploitation of workers, cruelty to animals and widespread land-clearing. It has also been criticised for its lack of policy on using toxic chemicals and for paying its CEO an excessive salary. Local Government Super points to improvements in sustainability reporting and sustainable policies as a positive outcome of this process and gives the example of BHP. What is ethical super? It's crucial, though, that super products badged as ethical live up to the claims they're making.

Before acting on it, consider its appropriateness to your circumstances and read the Financial Services Guide and the Product Disclosure Statement relevant to the product which is available on our website. Many socially responsible and sustainable options have substantial holdings in fossil fuel companies.

There was plenty of political drama in 2019, but that didn’t stop investment markets and our funds... We’re excited to have our very first Annual Members’ Meeting where members will hear about the key activities of the fund, including: Date: Tuesday 24 November 2020Time: 7:00pm to 8:30pm AEDTLocation: OnlineRegistration: Members will receive an email explaining how to join.

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