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Maple-Brown Abbott Australian Sustainable Future Fund

Responsible Investing Approach

The Fund takes labour standards, environmental, social and ethical considerations into account, as variables in a multi-varied and holistic analysis of the merits of any particular investment, when selecting, retaining or realising investments to the extent that such considerations may have a financial effect on investments and does not invest in companies that do not meet its responsible investment criteria. 

The Manager uses a negative and positive screening strategy, ESG integration and a comprehensive stewardship approach including company engagement and proxy voting. It applies a negative screen to its investment universe to exclude businesses that have material involvement in activities that detract from a sustainable future. The Manager then applies a positive screen, further limiting the investment universe to companies that make a meaningful positive contribution to one or more of its sustainable investment themes. These themes are relevant to the Australian equity market and are informed by the UN Sustainable Development Goals.

Documents

Exclusions

The Fund prohibits investment in companies generating revenue from specific activities including tobacco manufacturing, controversial weapons production, promotion, distribution, or sale, and the sale or distribution of 'X'-rated material. Additionally, it refrains from investing in companies with over 10% revenue from alcohol manufacturing, gambling, fossil fuel extraction (including thermal coal, metallurgical coal, oil, and gas), electricity generation from thermal coal, or uranium extraction.

Exclusions Full/Partial Exclusion
Description
TobaccoTobacco Full

The Fund does not invest in companies that derive any revenue from the manufacture of tobacco.

AlcoholAlcohol Partial

The Fund does not invest in companies that derive more than 10% of their revenue from the manufacture of alcohol.

WeaponsWeapons Full

The Fund does not invest in companies that derive any revenue from the manufacture, promotion, distribution or sale of controversial weapons or armaments.

Fossil fuel exploration, mining and productionFossil fuel exploration, mining and production Partial

The Fund does not invest in companies that derive more than 10% of their revenue from the extraction of fossil fuels including thermal coal, metallurgical coal, oil and gas, or electricity generation from thermal coal.

GamblingGambling Partial

The Fund does not invest in companies that derive more than 10% of their revenue from gambling.

Nuclear power (including uranium mining)Nuclear power (including uranium mining) Partial

The Fund does not invest in companies that derive more than 10% of their revenue from the extraction of uranium.

Adult entertainment/pornographyAdult entertainment/pornography Full

The Fund does not invest in companies that derive any revenue from the production, sale or distribution of "X"-rated images, videos or films.

Inclusions

The Maple-Brown Abbott Australian Sustainable Future Fund seeks to invest in companies that contribute to one or more of the sustainable investment themes that are informed by the UN Sustainable Development Goals (SDGs). The positive screen seeks out companies where Maple-Brown Abbott believes their activities, products or services promote a sustainable future. Any company the Fund invests in must contribute meaningfully to one or more of the following Themes: Health and wellbeing, by providing access to medical care and services or supporting an ageing and healthy population; Innovation and technology, by advancing social outcomes through education and developing technology and innovative products and services; Circular economy, by reducing waste and pollution through recycling, reuse, and regeneration of materials and sustainable use of natural resources; Low carbon future, by providing materials, infrastructure, and technology for clean energy and reduced greenhouse gas emissions; Better communities, by offering products and services that support a safe, prosperous, and connected society; Sustainable infrastructure, by designing, building, maintaining, and providing materials and goods for systems and structures that support socially and environmentally resilient urban development; Inclusive finance, by enabling access to appropriate and affordable financial products and services; and Food production and distribution, by facilitating the production and distribution of safe, healthy, high-quality food.

Renewable energy & energy efficiencyClimate action & towards net zeroCircular economy, reuse & recyclingSustainable land & agricultural managementGreen propertyHealthcare & medical productsSocial & community infrastructureEducationIncome & financial inclusion

UN Sustainable Development Goals

The fund is aligned with the following UN Sustainable Development Goals.

Goal 1: No PovertyGoal 2: Zero HungerGoal 3: Good Health and Well-BeingGoal 4: Quality EducationGoal 7: Affordable and Clean EnergyGoal 8: Decent Work and Economic GrowthGoal 9: Industry, Innovation and InfrastructureGoal 10: Reduced InequalitiesGoal 11: Sustainable Cities and CommunitiesGoal 12: Responsible Consumption and ProductionGoal 13: Climate Action

Conventions & Treaties

Maple-Brown has been a signatory of the United Nations-supported Principles for Responsible Investment (PRI) since 2008. It also is a signatory to the Taskforce on Climate-Related Financial Disclosures, Transition Pathway Initiative and Net Zero Asset Manager initiative, and member of RIAA and FAIRR. Investor collaborations that Maple-Brown participates in include Climate Action 100+ and Investors Against Slavery and Trafficking Asia Pacific.

Conventions & Treaties Aligned
Description
Principles for Responsible Investment Yes

Signatory since 2008

Task Force on Climate-related Financial Disclosures Yes

Maple-Brown Abbott's assessment of climate change risks is aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

UN Sustainable Development Goals Yes

Maple-Brown Abbott's positive screen seeks out companies where it believes their activities, products or services promote a sustainable future. The Fund Manager has identified eight sustainable investment themes that are relevant to the Australian equity market and are informed by the UN Sustainable Development Goals.

Collaborative Initiatives Yes

Signatory to the Transition Pathway Initiative and Net Zero Asset Manager initiative, and member of RIAA and FAIRR. Participates in Climate Action 100+ and Investors Against Slavery and Trafficking Asia Pacific investor collaborations.

ESG Score

ESG Score
Does the portfolio have an ESG score? Not disclosed
If so, who is responsible for calculating the score? Not disclosed
If a score is calculated, is this publicly available; i.e. displayed in monthly reports, on your website, etc.? Not disclosed
If the portfolio has an ESG score, how often is that score recalculated to account for changes to portfolio holdings? Not disclosed

Impact Investing Score

Impact Investing Score
Does the portfolio have an Impact Investment score? Not disclosed
If a score is calculated, is this publicly available; i.e. displayed in monthly reports, on your website, etc.? Not disclosed
If the portfolio has an Impact Investment score, how often is that score recalculated to account for changes to portfolio holdings? Not disclosed
Does the fund publish its holdings publicly? Yes

Policies, Certification & Marketing

Policies, Certification & Marketing
Responsible investing policy View Responsible investing policy document
Proxy voting policy View Proxy voting policy document
Stewardship policy View Stewardship policy document
Modern slavery policy View Modern slavery policy document
Is the fund RIAA certified? Yes
Date certified
Holdings View Holdings document
Climate Policy View Climate Policy document
Climate Change Report 2023 View Climate Change Report 2023 document
Responsible Investment and Stewardship Report 2023 View Responsible Investment and Stewardship Report 2023 document
Fundmonitors.com

Maple-Brown Abbott Australian Sustainable Future Fund

Strategy Summary

The Maple-Brown Abbott Australian Sustainable Future Fund is invested in companies listed (or expected to be listed) on an ASX. They seek to invest in companies that they expect to positively contribute to a sustainable future.

The Fund provides exposure to a diversified portfolio constructed of their highest conviction opportunities, subject to the negative and positive screening criteria. They aim to invest across a broad universe of Australian companies and will typically hold 25-40 stocks.

Key Terms

Status: Closed Inception Date: Oct 2009
Strategy: Equity Long Style: Blend
Geography: Australia Domicile: Australia
Investors: Retail Min. Investment: AU$20000
Mgmt. Fee: 0.9% Perf. Fee: 0%

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A.C.N. 122 226 724
AFSL 324476
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