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Scottish Widows Environmental Investor A (OEIC/Unit Trust)

SRI Style: Environmentally Themed
Fund Type: OEIC/Unit Trust
Region: UK
Asset Type: Equity
Launch Date: 29/06/1989

SRI / Ethical Overview

To give long-term capital growth by investing primarily in UK companies which show a commitment to the protection and preservation of the natural environment. These companies are selected according to a broad range of negative environmental screening criteria.

SRI Policies (Primary strategy in bold)

  • Environmental policy Find investment funds with environmental policies - ie that consider issues such as pollution, climate change, resource management, environmental impact. This will include options from all of the different SRI Styles, including funds where their core strategy is to focus on other areas such as ethical funds. See fund information for fund specific policy details.
  • Nuclear exclusion policy Find ethical funds (and other options) that have a published policy that sets out the fund's position on avoiding or limiting exposure to nuclear power. See fund literature for details of their policy.
  • Deforestation / palm oil policy Find funds that have policies in place that ensure they do not invest in companies that are significantly involved in deforestation, this typically relates to palm oil plantations.
  • Water / sanitation policy Find funds that have policies that focus on the the water industry and/or sanitation.

SRI Features

  • Responsible ownership / stewardship policy Find funds that have a policy that sets out what they do with regard to responsible investment ownership - also known as 'stewardship'. This typically relates to issues such as dialogue with companies and shareholder voting.

Corporate Activity

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SRI / Ethical Policy

A negative screening approach is taken for the following areas:

 

Environment: The Fund will avoid investing in companies which demonstrate a pattern of non-compliance with local environmental regulations or which significantly contribute to environmental problems. Specific negative screens for this category include fines for offences or repetitive breaches of water pollution regulations, and/or dumping waste (including hazardous waste) in inappropriate areas.

 

The environmental screen looks at any issue that, within an environmental context, would constitute a pattern of non-compliance with environmental regulations including, but not limited to:

  • the production of ozone depleting chemicals where this constitutes a breach of air quality regulations and where fines are imposed
  • the contamination of land or soil where it violates land or soil quality regulations and/or penalties are imposed
  • the production or usage of unlawful or banned pesticides as it relates to the degradation of land or the environment
  • where timber is concerned, the Investment Adviser will check to see what level of certification of sustainable timber is being used and encourage companies to strive for 80% if they are not doing so already. It will count against a company if they are fined or break the law with regard to timber usage such as deforestation, illegal farming or harvesting
  • break the law or are fined for deforestation practices that go against local legislation and laws (as for timber).

 

Nuclear energy: The Fund will seek to avoid investing in businesses earning more than 10% of their revenue from the ownership or operation of nuclear power plants or from services to the nuclear power industry.

Resources, Affiliations & Corporate Strategies

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