Ensuring members’ funds are invested responsibly is a concern for the trustee’s directors, as it is for many members. This section details our approach as we navigate this important but complex issue. It also brings together a range of discussion documents and news items on responsible investment from around the world.
US Department of Labor surprises with new stance on ESG
Posted 18 September 2018
Early in 2018, the US Department of Labor issued a bulletin advising managers of US retirement funds against taking on additional risk or sacrificing financial returns in order to meet environmental, social and governance goals. The move surprised many industry participants and walked back earlier advice from the department.
US Department of Labor bulletin on ESG considerations
The links and articles posted here are intended to canvas international discussion on
issues concerning responsible investment. This content does not necessarily reflect the
views of the trustee or individual directors of UniSaver Limited.
The trustee’s investment beliefs constitute the investment philosophy of the scheme and guide the investment of UniSaver’s assets. One of these beliefs is that responsible investment can reduce risk and impact returns positively.
Read more about our investment beliefs in our
Statement of Investment Policy and Objectives
Our policy includes not investing in companies involved in the manufacture of cluster munitions, anti-personnel mines, nuclear explosive devices and tobacco.
United Nations Principles for Responsible Investment
We require our investment manager Russell Investments to abide by the United Nations Principles for Responsible Investment (UNPRI) when making investment decisions on behalf of UniSaver.
Read more about
Russell Investments’ approach and philosophy
Russell Investments was one of only 20% of firms to receive the highest possible overall score of A+ from the UNPRI.
Read more about
Russell Investments' approach and philosophy