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Australian Catholic Superannuation and Retirement Fund

PRI reporting framework 2019

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

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

Other description (1)

Recently excluded tobacco from the entire portfolio and all fosssil fuels and other exclusions in RI option

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Our policy recoginises that we are in the process of ramping up our ESG engagement starting from a low base. We are monitoiring voting and look at ESG credentials for all new appointments

In December 2018 the Trustee Board approved the appointment of a full-time ESG office that we will recruit in 2019

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

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Not Applicable)


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.

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

02.3. 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.

We have a public conflicts policy and our registers are all public

03.3. Additional information. [Optional]

ACSRF has a formal Conflicts Policy in accordance with government regulations. The conlicts policy covers circumstances where one or all of the interests of members are inconsistent with, or diverge from, some or all of the interests of the Trustee or its representatives. In relation to investments in particular, any member of the Investment Committee who has an actual or potential conflict of interest in relation to any item on the agenda must declare that conflict at the start of the meeting. The Committee member must disclose all relevant information about the conflict in such manner and form as determined by the other Committee members.

Where a conflict of interest is declared, the Committee must assess the conflict to determine its materiality and significance to any relevant agenda item and decide what action should be taken i.e. abstention from the relevant part of the meeting, abstention from voting or no action. The details of any declared conflicts and the Committee’s decision must be recorded in the minutes and in the conflicts register. The fund maintains a register of duties, financial interests and conflicts. Directors are required to delcare any conflict of interests at every Trustee meeting.

The Trustee and Investment Committee (IC) have an Investment Governance Framework which provides guidelines to manage investments to protect the interests, and meet the reasonable expectations, of beneficiaries.  It sets out the selection and monitoring process for investment managers.  Monitoring is done on a quantitative and qualitative basis.  The IC meets regularly with managers to discuss any issues.


SG 04. Identifying incidents occurring within portfolios

04.1. Indicate if your organisation has a process for identifying and managing incidents that occur within portfolio companies.

04.2. Describe your process on managing incidents

Responsible Managers, Incident register, Notification to authorities if required, Remediation


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