We do not invest in live export companies or companies that raise animals for live export. We also restrict+ investments in companies that facilitate the trade (for example, specialist transport companies). In addition to not allocating capital to the industry, we also:
Made multiple submissions to the Federal government calling for an end to the trade. In preparing our submissions we consulted with Animals Australia and the RSPCA.
Sent one of our ethics analysts to help Animals Australia with their live export court challenge.
Engaged with some of the companies we invest in including banks, insurance companies and a port logistics provider, asking them to reassess their policies on providing services to the live export trade. We complemented the extensive work carried out by Animals Australia who was also engaging with senior management within the banks. Two companies stated they will not provide services to live exporters going forward, and one major bank tightened its lending policies to the live export industry. Following these commitments we saw anecdotal reports of major lenders refusing to do business with some customers directly involved in the live export sector.