To give members an option with a specific ESG focus, Statewide has a Sustainable Diversified investment option that is wholly invested in the AMP Capital Ethical Leaders (EL) Balanced Fund (which is certified as a responsible investment by RIAA). According to the EL Charter, AMP Capital seeks out managers who take ESG, Ethical and Labour Standard considerations into account and avoids companies operating within sectors with recognised high negative social impact, for example companies with more than 10% of revenues derived from nuclear power, armaments, gambling, alcohol, live animal export and pornography. AMP Capital also have a limit on investing in fossil fuels by excluding any company that has more than a 10% exposure to thermal coal, oil sands, brown coal or conversion of coal to liquid fuels. AMP Capital selects managers that at a minimum meet these negative screening criteria and also proactively apply sustainable and responsible investment criteria.
The AMP Capital EL Balanced Fund is also Tobacco Free.