Fund Name | SRI Style | Product | Region | Asset Type | Launch Date | |
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abrdn Europe ex UK Ethical Equity Fund (ASI) | Ethical | OEIC/Unit Trust | Europe ex UK | Equity | 24/09/2007 | |
Fund Size: £57.60m Total screened & themed / SRI assets: £29131.00 Total Responsible Ownership assets: £29131.00 Total assets under management: £508407.00 As at: 30/06/22 |
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OverviewAwaiting update from fund manager - fund last updated October 2022
We recognise that the world faces significant environmental and social challenges. We run a number of Ethical Funds that seek to invest in companies that are supporting the solutions to these challenges and uphold the highest standards of corporate responsibility. The Fund aims to provide long term growth by investing in a diversified portfolio of European, excluding UK, equity assets that meet our strict ethical criteria. These criteria are agreed with the Ethical Funds Advisory Group and may be amended from time to time if considered appropriate. The fund manager will exclude companies which fail to meet the ethical criteria whilst seeking to include companies whose business activities are regarded as making a positive contribution to society.
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FiltersFund informationSustainabilityEnvironmental policy Limits exposure to carbon intensive industries Resource efficiency policy or theme Environmental damage and pollution policy Nature & BiodiversityDeforestation / palm oil policy Unsustainable / illegal deforestation exclusion policy Avoids genetically modified seeds/crop production Climate Change & EnergyNuclear exclusion policy Coal, oil & / or gas majors excluded Climate change / greenhouse gas emissions policy Invests in clean energy / renewables Fracking and tar sands excluded Fossil fuel reserves exclusion Human RightsHuman rights policy Child labour exclusion Responsible supply chain policy or theme Oppressive regimes (not free or democratic) exclusion policy Social / EmploymentSocial policy Health & wellbeing policies or theme Meeting Peoples' Basic NeedsWater / sanitation policy or theme Ethical Values Led ExclusionsEthical policies Animal welfare policy Animal testing exclusion policy Tobacco and related product manufacturers excluded Armaments manufacturers avoided Alcohol production excluded Gambling avoidance policy Pornography avoidance policy Governance & ManagementGovernance policy Anti-bribery and corruption policy Encourage board diversity e.g. gender UN sanctions exclusion Fund GovernanceESG integration strategy Employ external (fund) oversight or advisory committee How The Fund WorksBalances company 'pros and cons' / best in sector Strictly screened ethical fund Norms focus SRI / ESG / Ethical policies explained on website Impact MethodologiesAims to generate positive impacts (or 'outcomes') Positive environmental impact theme Invests in environmental solutions companies Intended Clients & Product OptionsFaith friendly Available via an ISA (OEIC only) Fund management company informationAbout The BusinessESG / SRI engagement (AFM company wide) Responsible ownership / stewardship policy or strategy (AFM company wide) Responsible ownership policy for non SRI funds (AFM company wide) Responsible ownership / ESG a key differentiator (AFM company wide) Diversity, equality & inclusion engagement policy (AFM company wide) Vote all* shares at AGMs / EGMs (AFM company wide) Integrates ESG factors into all / most fund research SDG aligned aims / objectives (AFM company wide) Senior management KPIs include environmental goals (AFM company wide) ResourcesIn-house responsible ownership / voting expertise Employ specialist ESG / SRI / sustainability researchers Use specialist ESG / SRI / sustainability research companies Collaborations & AffiliationsPRI signatory UKSIF member Climate Action 100+ or IIGCC member Fund EcoMarket partner GFANZ member (AFM company wide) TNFD forum member (AFM company wide) AccreditationsUK Stewardship Code signatory (AFM company wide) Engagement ApproachRegularly lead collaborative ESG initiatives (AFM company wide) Company Wide ExclusionsControversial weapons avoidance policy (AFM company wide) Tobacco avoidance policy (AFM company wide) Climate & Net Zero TransitionEncourage carbon / greenhouse gas reduction (AFM company wide) Carbon offsetting - offset carbon as part of our net zero plan (AFM company wide) In-house carbon / GHG reduction policy (AFM company wide) Net Zero - have set a Net Zero target date (AFM company wide) Voting policy includes net zero targets (AFM company wide) TransparencyPublish full voting record (AFM company wide) Publish responsible ownership / stewardship report (AFM company wide) Full SRI policy information on company website Paris Alignment plan publicly available (AFM company wide) Net Zero transition plan publicly available (AFM company wide) Sustainability transition plan publicly available (AFM company wide) |
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PolicyWhile we recognise the personal nature of everyone’s ethics, we aim to ensure that the funds are reflective of the wider views of those who invest in them. We regularly review the criteria, both positive and negative, through customer surveys and consultations to ensure they remain relevant and industry leading. This approach is overseen by the Ethical Funds Advisory Group, consisting of both independent external members and key members of staff.
Positive Criteria Using positive criteria, we allocate the majority of the funds to companies or issuers that are involved in activities that benefit society and the environment. We use the UN Global Compact (www.unglobalcompact.org) to define the four areas where we seek to invest in companies with positive business practices and services.
Corporate Governance The funds adopt a formal corporate governance policy. We actively vote at the AGMs of the companies held in the funds. Due consideration is given to issues such as board independence, excessive remuneration and audit issues. Voting is conducted within the terms of the Ethical Funds Sustainability Approach and in the best of interests of the investors in the funds. In addition, the funds will adopt a policy of voting:
Engagement The funds pursue an active engagement policy. We engage with companies on a range of environmental, social and governance issues with the aim that good corporate behaviour is adopted by the companies in which the funds invest. Where engagement proves ineffective and concerns remain over corporate behaviour and oversight of these issues, we will disinvest from a company. It is our ambition that this active engagement will challenge and encourage companies in which the funds invest to improve their environmental, social and governance performance and practices.
Negative criteria We also use negative criteria to avoid investing in companies involved in certain industries and activities that our customers are concerned with. We will avoid investment in companies involved in the activities listed below:1
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Process |
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Resources, Affiliations & Corporate Strategies
Investments Vector Sustainability Group:
Equity:
Multi-Asset:
Fixed Income:
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DialshifterOur organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by… abrdn strongly supports the objectives of the Paris Agreement. We are committed to playing a constructive role in the decarbonisation of the global economy and serving the long-term interests of our clients. We have developed a business-wide approach to support the goals of the Paris Agreement based on five principles:
Further information on these principles and our approach to Paris alignment is available here: https://www.abrdn.com/docs?editionId=407977f9-165c-4edf-a894-13d005e4ac3f
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LiteratureLast amended: 06/03/24 12:03 |
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05/06/2024