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First State Superannuation Scheme

PRI reporting framework 2017

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

          Climate Change Adaptation Plan
        

01.3. Indicate if the investment policy covers any of the following

01.4. Indicate what norms you have used to develop your investment policy that covers your responsible investment approach.

other (1) description

          United Nations Principles for Responsible Investment
        

01.5. Describe your organisation’s investment principles, and overall investment strategy, and how they consider ESG factors and real economy impact.

First State Super's investment beliefs include a statement on Universal Ownership. 

There can be second or third order impacts from an investment decision on our portfolio and the world into which our members will retire. We need to be mindful of these ‘footprints’ (both positive and negative) that our investments make in markets, in communities and on the environment.

We recognise that poor management of long term Environmental, Social and Governance (ESG) related risks by a company not only impacts our investments but can potentially harm the broader community and environment as well. We are a signatory to the United Nations Principles of Responsible Investing (UNPRI), which promotes sustainable investment and provides an important framework for institutional investors to consider the impact of these issues on their investment decisions.

There are ways to improve the long-term performance of the portfolio through active engagement with companies based around long term value creation, sustainability and good governance.

01.6. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

First State Super's approach to Responsible Investment is incorporated into a number of governance documents approved by the Trustee including an Investment Governance Framework, Investment Policy Statement, Responsible Investment/ESG Policy, Proxy Voting Policy and associated process documents in the form of Integration Frameworks (e.g. ESG Integration Framework; Corporate Engagement Framework; Voting Proceedures).  All of these documents reference specific elements of our Responsible Investment approach.


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

Other, specify (1) description

          Climate Change Adaptation Plan
        

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

First State Super has a board approved Conflicts of Interest Policy that applies to all aspects of business within the Fund.  The Policy is publicly available on our website.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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