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Munro Partners

PRI reporting framework 2020

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

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.

ESG - Investment Approach: -

  • Munro's Investment Approach considers environmental, social and governance issues as part of its due diligence in its portfolio of equity investments.

  • Munro’s proprietary investment process includes qualitative factor assessments encompassing sustainability and customer perception as two key parts of its five company characteristics.

  • Companies that are focused on short term financial goals at the expense of long term sustainability and customer perception are excluded from our investment universe of stocks of interest.

  • Environmental, social or governance issues that are contradictory to best practice will inevitably lead to lower financial performance, reduced earnings sustainability and lower customer perception levels

 

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]

The Trading Policy and Procedures (the "Policy") covers trading activities conducted by Munro. In particular, the Policy addresses procedures for trade order entry, allocations among Investment Products, other trading related issues, and the reporting and settlement process.

In order that portfolio management personnel satisfy the expectations of their clients and the fiduciary duties imposed upon them by securities legislation, portfolio management personnel are expected to:

  • Deal fairly, honestly and in good faith with the Investment Products and, at all times, place the interests of the investors and clients of Munro and its subsidiaries and affiliates above personal interests;
  • Ensure fairness in the allocation of investment opportunities among Investment Products;
  • Comply with all laws and regulation applicable to the management of the Investment Products' portfolios. Each portfolio management employee has a duty to know, understand and comply with such laws and regulation;
  • Practice and encourage others to practice in a professional and ethical manner that will reflect the high standard of care and integrity outlined in Munro's Personal Trading Policy.
  • Strive to maintain and improve their competence; and
  • Use reasonable care and exercise independent professional judgment where appropriate.

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

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

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].

Our ESG charter is published on our website:

https://munropartners.com.au/wp-content/uploads/2017/03/Munro-ESG-Charter-201702.pdf


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.

Munro has a 'Conflicts of Interest' policy that outlines: -

  • Objectives:
    • To ensure that Munro has arrangements in place to adequately manage actual or potential conflict of interest ("COI") which may arise in relation to the provision by Munro and, if applicable, any of its directors, employees or authorised representatives of Munro or its related body corporate ("Representatives") who provide services to Munro as part of its business
  • Compliance Obligations:
    • Per the Corporations Act 2001 - Section 912A and 601LA - 601LE
  • Per ASIC - Regulatory Guide 181 ('Managing Conflicts of Interest'):
    • Procedures and guidelines - identify, manage and resolve COI

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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