Pendal Sustainable Australian Share Fund
Responsible Investing Approach
Pendal takes labour standards, environmental, social and ethical considerations into account, as well as key financial criteria when selecting, retaining or realising investments of the Fund. The sustainability criteria and exclusionary screens applied to the Fund's investments may exclude some companies from the investable pool of the Fund's portfolio. The Fund utilises exclusionary screens to avoid companies involved in industries or business activities that cause significant social and/or environmental harm. Pendal's sustainability assessment framework considers a company's characteristics, including the extent to which its products or services are beneficial to the environment and society, the manner in which it conducts its business and employs leading sustainability practices, and its management of its environmental, social and governance (ESG) risks. The Fund typically favours companies that demonstrate leading sustainability characteristics under this assessment framework and typically avoids those that rate poorly.
Documents
Exclusions
The Fund utilises exclusionary screens to avoid companies involved in industries or business activities that cause significant social and/or environmental harm. With varying exposure thresholds the fund may avoid investing in companies involved in fossil fuels, uranium, logging, gambling, pornography, weapons, alcohol, tobacco, animal cruelty, and predatory lending practices.
| Exclusions | Full/Partial Exclusion |
Description
|
|---|---|---|
 Tobacco
|
Full | The Fund will not invest in companies that derive any revenue from the production of tobacco. |
 Alcohol
|
Full | The Fund will not invest in companies that derive any revenue from the production of alcoholic beverages. |
 Weapons
|
Full | The Fund will not invest in companies that derive any revenue from the manufacture or distribution of controversial weapons, the supply of goods or services specifically related to controversial weapons or the manufacture of non-controversial weapons or armaments (including civilian firearms or military equipment). |
 Fossil fuel exploration, mining and production
|
Full | The Fund will not invest in companies that directly extract or explore fossil fuels. |
 Animal testing for non-medical purposes
|
Full | The Fund will not invest in companies that derive any revenue that directly undertake animal testing for cosmetic products. |
 Unethical treatment of livestock
|
Full | The Fund will not invest in companies that derive any revenue that directly undertake live animal export. |
 Gambling
|
Full | The Fund will not invest in companies that derive any revenue from the direct manufacture, ownership or operation of gambling facilities, gaming services or other forms of wagering. |
 Adult entertainment/pornography
|
Full | The Fund will not invest in companies that derive any revenue from the production of pornography. |
Inclusions
Pendal utilises its sustainability assessment framework for the Fund's investments, incorporating both qualitative and quantitative inputs to assess companies against sustainability criteria. The framework evaluates companies based on their products' environmental and social benefits, their business practices, and their management of environmental, social, and governance (ESG) risks. The Fund generally prefers companies with strong sustainability characteristics as determined by this assessment framework, while typically steering clear of those with poor ratings.
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UN Sustainable Development Goals
Conventions & Treaties
Pendal has been a signatory to the United Nations supported Principles for Responsible Investment (PRI) since 2007. In 2018 Pendal commenced public reporting aligned to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
| Conventions & Treaties | Aligned |
Description
|
|---|---|---|
| Principles for Responsible Investment | Yes | Signatory since 2007 |
| Task Force on Climate-related Financial Disclosures | Yes | In 2018 Pendal commenced public reporting aligned to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). |
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 (Sep 2023) | View Holdings (Sep 2023) document | |||
| RI and Stewardship Report | View RI and Stewardship Report document | |||
| Climate Change Statement | View Climate Change Statement document | |||
Pendal Sustainable Australian Share Fund
Strategy Summary
The Fund aims to outperform the S&P/ASX 200 (TR) Index (before fees, costs and taxes) over the medium to long term, whilst maximising the portfolio's focus on sustainability. The Fund uses a stock selection process that combines sustainable and ethical criteria with Pendal's financial analysis and it seeks out companies and industries that demonstrate leading ESG and ethical practices and excludes companies not meeting the investable criteria. The company research focuses on valuation, franchise, management quality and risk factors (both financial and non-financial risk) without being restricted by a growth or value bias.
Key Terms
| Status: | Open | Inception Date: | Nov 2001 |
| Strategy: | Equity Long | Style: | Blend |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Retail | Min. Investment: | AU$25000 |
| Mgmt. Fee: | 0.85% | Perf. Fee: | 0% |
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