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Disclaimer
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:
who holds an Australian Financial Services License
who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
that is a body regulated by APRA other than a trustee of:
(i) a superannuation fund;
(ii) an approved deposit fund;
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme.
within the meaning of the Superannuation Industry (Supervision) Act 1993that is a body registered under the Financial Corporations Act 1974.
that is a trustee of:
(i) a superannuation fund; or
(ii) an approved deposit fund; or
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme
within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.that is a listed entity or a related body corporate of a listed entity
that is an exempt public authority
that is a body corporate, or an unincorporated body, that:
(i) carries on a business of investment in financial products, interests in land or other investments; and
(ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
Sustainable Investing
Active ownership
Active ownership means using your rights as a shareholder to improve corporate behavior and make investments more sustainable. The two main ways to do this are by engaging with investee companies or through voting at shareholder meetings.
Engagement means discussing environmental, social or governance (ESG) concerns with the company in which they invest, usually to address a specific theme such as emissions (E), labor rights (S) or the independence of the board (G). It can also be used to combat serious breaches of international standards, where the company faces exclusion unless it remedies the problem.
Most engagement themes last three years. They have proved successful in raising sustainability to the point that it preserves long-term shareholder value and enhances long-term returns. When done under collaboration with other investors, engagement can be very effective in influencing companies’ behavior on major global themes such as achieving net zero carbon.
Creating returns that benefit the world we live in
Say on Climate, Say on Pay
Voting has gone beyond traditional ‘rubber-stamping’ of company resolutions at their annual general meetings to become an effective tool in raising concerns about ESG issues. Investors can also put forward resolutions on issues such as ‘Say on Climate’ and ‘Say on Pay’ to further sustainability in the contentious issues of emissions reduction and executive remuneration, respectively.
Other voting is more routine, such as in authorizing accounts or specific projects. Much more votes have been cast against companies in recent years in apparently routine matters, such as reappointing the chairman, in protest at a company’s preparedness for climate change.