U Ethical Cash Management Trust (Wholesale)
Responsible Investing Approach
U Ethical takes labour standards, and environmental, social and governance considerations into account, as well as key financial criteria, when selecting, retaining or realising investments of the Trust. The application of the U Ethical's ethical investment policy (EIP) varies according to the asset class. Cash, cash equivalents and term deposits apply Negative screening and Active Stewardship to a limited degree, they do not apply ESG Integration or Positive Screening.
The Fund's negative screening approach means it does not invest in companies and issuers directly deriving revenue or earnings from the activities listed in the Information Memorandum. That is either zero tolerance or where revenue or earnings exceed a materiality threshold of 5% of the total of the activities. Cash, cash equivalents and term deposits are only exposed to the financial services sector (predominantly banks) and given the nature of the underlying investments this limits full application of negative screening. The focus on screening for these issuers is on issuer controversies and overall ESG profiles.
Documents
Exclusions
The Fund's negative screening approach means it does not invest in companies and issuers directly deriving revenue or earnings from the activities listed in the Information Memorandum. That is either zero tolerance or where revenue or earnings exceed a materiality threshold of 5% of the total of the activities. Cash, cash equivalents and term deposits are only exposed to the financial services sector (predominantly banks) and given the nature of the underlying investments this limits full application of negative screening. The focus on screening for these issuers is on issuer controversies and overall ESG profiles.
Inclusions
UN Sustainable Development Goals
Conventions & Treaties
U Ethical participates in various industry bodies such as the Responsible Investment Association Australasia (RIAA), including its Human Rights Working Group and Policy and Advocacy Technical Expert Group (TEG), as well as the United Nations Principles for Responsible Investment (UNPRI) and its Tax Reference Group and Global Policy Reference Group (GPRG). Additionally, U Ethical is a member of the Investor Group on Climate Change (IGCC)'s ClimateAction 100+.
| Conventions & Treaties | Aligned |
Description
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|---|---|---|
| UN Global Compact | Yes | U Ethical screens companies or issuers for breaches and violations that are inconsistent with its ethical position on the underlying principles of global norms and conventions, such as the United Nation Global Compact (UNGC). |
| UN Guiding Principles on Business & Human Rights | Yes | U Ethical screens companies or issuers for breaches and violations that are inconsistent with its ethical position on the underlying principles of global norms and conventions, such as the United Nations Guiding Principles on Business and Human Rights (UNGP). |
| Principles for Responsible Investment | Yes | United Nations Principles for Responsible Investment (UNPRI) and its Tax Reference Group and Global Policy Reference Group (GPRG). |
| OECD Guidelines for Multinational Enterprises | Yes | U Ethical screens companies or issuers for breaches and violations that are inconsistent with its ethical position on the underlying principles of global norms and conventions, such as the OECD Guidelines for Multinational Enterprises. |
ESG Score
| ESG Score |
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|---|---|---|---|
| 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? | |||
Impact Investing Score
| Impact Investing Score |
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|---|---|---|---|
| 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? | Partial | ||
Policies, Certification & Marketing
| Policies, Certification & Marketing |
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|---|---|---|---|---|
| Responsible investing policy | View Responsible investing policy document | |||
| Proxy voting policy | View Proxy voting policy document | |||
| Stewardship policy | View Stewardship policy document | |||
| Is the fund RIAA certified? | No | |||