Insights
Updates to important documents

We're constantly thinking about how we can improve and elevate our approach to investing and investing ethically. As part of this, we have made some changes to important investing documents. Please see below for descriptions of the changes and links to the new documents.

1. Greater explanation of exclusions, companies of concern, exceptions, divestment procedures and revenue thresholds.

2. Inclusion of revised “mega” positive investment themes (healthy planet, healthy living, deglobalisation, digitisation, social license).

3. Tidied up language in Appendix 1 (exclusions) for consistency.  Added additional explanation around exceptions for animal testing – no change to substance of the exclusions. To explore our animal testing exclusions and exceptions and the reasons behind them, check out our article on Animal Testing.

4. While we strive for our investments to comply with our Ethical Investing Policy, we acknowledge that ethics isn't binary and the world is changing at a fast pace. We also acknowledge that there will be limitations and inconsistency in the available information on which our decisions are based.  For example, a change in a company’s activities may not be publicly available until after its annual report is published. The new Appendix 4 sets out how we aim to address these issues in the context of these limitations.

5. General update in presentation to ensure consistency within the policy.

You can view our updated Ethical Investment Policy here

1. Updated description of Ethical Investment Policy to align with policy updates made last month.

2. Updated description of charitable giving programme.

3. Updating disclosure of commissions and upfront fees paid to advisors.

4. Updated Section 4 (what are the risks of investing) by moving “ethical investment risk” from OMI to PDS and updating the risk to include reference to non-financial outcomes and the risk that we may not be able to implement our Ethical Investment Policy in all instances due to limitations of data, thresholds and exceptions and updating the related party transaction risk.

5. Updated links to Disclose register.

You can view our updated PDS here

1. Amendments to Section 4 (Ethical Investing) to align with policy updates to Ethical Investment Policy.

You can read our updated SIPO here

1. Updated investment committee composition.

2. Updated description of charitable giving programme.

3. Updated Section 5 (What are the risks of investing?), to include the risk that a non-financial outcomes or objectives (such as an ethical objective) may not be achieved.

4. Updated links to Disclose register.

You can read the updated OMI here