This is important if you don’t want your money funding harmful things like tobacco, uranium or coal mining, exploitation of people or old growth forest logging.
Your money can help build a new low-carbon economy, fund medical breakthroughs, technology breakthroughs, efficient transport and more.
We use our influence to engage with the management of companies over ethical issues, with the goal of improving their ethical behaviour.
The Australian Ethical Charter is a series of statements that guide both the positive side
(investments we seek out) and the negative side (investments we avoid) of our ethical approach.
We seek out positive investments that support:
People, quality and sustainability
We avoid investments that harm:
People, animals, society and the environment
We engage with companies that we do invest in, if they start doing something that is not aligned with our ethical values.
We engage with companies that we don’t invest in yet, if we would like to invest in the company once they’ve changed certain behaviours.
We have an Advocacy Fund and Advocacy super investment option that invests in some companies that we wouldn’t normally (because of our ethical charter), for the purpose of using our rights as a shareholder to raise ethical issues.
Dear Tomra, We like your recycling machines, but not tobacco
Australian Ethical has a zero tolerance stance on tobacco manufacturing. There is nothing positive about it.
So when Tomra – a successful company we have long invested in that makes reverse-vending recycling machines – acquired a company that makes tobacco sorting machines, we engaged with their senior management and other shareholders, and put forward a resolution at the Tomra AGM.