Pendal Ethical Share fund – our approach to mining
We recently re-designed the Pendal Ethical Share Fund to better help investors benefit from the opportunities driven by Australia’s transition to a more sustainable economy. This guide explains the fund’s approach to mining investments.
PENDAL recently made several material changes to the Pendal Ethical Fund, including an expanded set of exclusionary screens and a new framework to support in the identification of companies which are leading or enabling the drive to a future-ready economy.
As part of this approach, we avoid companies whose industries, business models and products or services undermine a more sustainable economy or cause significant harm to society and the environment.
We established a range of sector/activity-based exclusionary screens that effectively knock out harmful companies from the investable universe at the outset. These screens cover sectors such as fossil fuel extraction, weapons, gambling and logging.
Some values-based investors might be surprised to see companies that mine non-fossil fuel-related minerals such as iron ore and gold not formally excluded from the fund.
To better appreciate Pendal’s approach to mining within the fund, we produced this guide to explain it’s important to understand the fund’s sustainability-related priorities.
This article has been prepared by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426 and the information contained within is current as at February 8, 2021. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.
PFSL is the responsible entity and issuer of units in the Pendal Ethical Share Fund (Fund) ARSN: 096 328 219. A product disclosure statement (PDS) is available for the Fund and can be obtained by calling 1800 813 886 or visiting www.pendalgroup.com. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in the Fund. An investment in the Fund is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.
This article is for general information purposes only, should not be considered as a comprehensive statement on any matter and should not be relied upon as such. It has been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, recipients should, before acting on this information, consider its appropriateness having regard to their individual objectives, financial situation and needs. This information is not to be regarded as a securities recommendation.
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