Fund Name | SRI Style | Product | Region | Asset Type | Launch Date | |
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Standard Life abrdn Ethical Corporate Bond Pn (ASI) | Ethical | Pension | UK | Fixed Interest | 11/03/2013 | |
As at: 31/12/23 |
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OverviewThis Pension product is linked to the "abrdn Ethical Corporate Bond" fund. The following information refers to the primary (OIEC) fund.
Awaiting update from fund manager - fund last updated June 2020
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 Ethical Corporate Bond Fund aims to provide a level of income, before charges, above that available on UK Government bonds by investing predominantly in investment grade bonds. The fund is actively managed by our investment teams who may invest in a wide range of bonds (e.g. corporate bonds including sub investment grade bonds, overseas bonds, index-linked bonds, floating rate notes (FRNs) and asset backed securities (ABSs) and/or money market instruments) in order to take advantage of opportunities they have identified and which 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 Plastics policy / reviewing plastics 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 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 Positive selection bias Norms focus SRI / ESG / Ethical policies explained on website Impact MethodologiesAims to generate positive impacts (or 'outcomes') Positive environmental impact theme Positive social impact theme Invests in environmental solutions companies Intended Clients & Product OptionsAvailable 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) 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 AccreditationsUK Stewardship Code signatory (AFM company wide) Engagement ApproachRegularly lead collaborative ESG initiatives (AFM company wide) Encourage responsible corporate taxation (AFM company wide) Company Wide ExclusionsReview(ing)carbon / fossil fuel exposure for all funds (AFM company wide) Controversial weapons avoidance policy (AFM company wide) Climate & Net Zero TransitionEncourage carbon / greenhouse gas reduction (AFM company wide) In-house carbon / GHG reduction policy (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 |
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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:
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Process |
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Resources, Affiliations & Corporate StrategiesESG integration is a strategic priority for Aberdeen Standard Investments and is actively supported and promoted by senior executives, from our CEO downwards. In recognition of the importance of ESG, Euan Stirling, Global Head of Stewardship and ESG Investment, reports directly to Rod Paris, Chief Investment Officer, and Euan regularly attends the Investment Management Committee, chaired by the CIO. Reporting to Euan is the ESG leadership team, which focuses on maximising the quality and value of ESG engagement, research and analysis across all asset classes. Our ESG Investment Team is a centralised resource of 22 people that is dedicated to ESG analysis and engagement and available to all asset classes. The team has a number of functions including: quality assurance and consistency of the ESG regional analysts’ research and analysis, the consideration of governance issues, highlighting themes and emerging risks in ESG, consultation and support to all of ASI’s asset classes on ESG issues, and reflection and promotion of ASI’s positions on key ESG issues externally. In addition, we have dedicated ESG analysts and ESG expertise embedded within asset-class teams to ensure the greatest integration of ESG factors within investment decisions, who sit on the regional equity, real estate and fixed income desks. Furthermore, our proxy voting team, based in Edinburgh, is also part of the ESG Investment Team and manages ASI’s proxy voting approach, which is an integral part of our overall stewardship function. The central team and asset specific ESG investment analysts are listed below: Core team members:
Fixed Income resource Samantha Lamb, Head of ESG Fixed Income, is responsible for developing and ensuring holistic application of ESG factors to individual company research to allow for greater integration with the centralised ESG function, and support the continued development of ESG products. Samantha is supported by an ESG network of “ESG champions”, which includes the heads of research, portfolio managers, and analysts with a responsibility to further promote ESG considerations and integration in the investment process.
Source: Aberdeen Standard Investments, 31 May 2020 *includes continuous service
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LiteratureLast amended: 06/03/24 12:07 |
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04/28/2024