AMP Capital has furthered its commitment to ESG and responsible investing by introducing a new decision-making framework. In effect, this means we may exclude, in exceptional circumstances, companies or sectors on ethical grounds across our entire portfolio where AMP Capital is responsible for the investment management.
The new framework recognises and applies degrees of ‘harm’ or the ‘denial of humanity’ of another person as determining factors. It also takes into account whether there are international conventions that prohibit or control the use of a company’s products.
On reviewing all of the sectors in which we invest, AMP Capital concluded that manufacturers of tobacco, cluster munitions, landmines, biological and chemical weapons do not meet the required ethical standards and will be excluded from our investable universe.
AMP Capital will divest from approximately A$450 million worth of tobacco-related equity and fixed income holdings from our portfolios. We will also divest around A$130 million in funds invested indirectly in manufacturers of cluster munitions and landmines.
Featured in Environmental Social Governance (ESG), Sustainable Investment InsightsMORE PUBLICATIONS
While every care has been taken in the preparation of this information contained in this website, neither AMP Capital Investors (US) Limited nor any member of the AMP Group make any representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information on this website, and seek professional advice, having regard to their objectives, financial situation and needs. There is no intention to offer or sell any funds, securities or services in any jurisdiction where such offer or sale would be unlawful under the relevant domestic law. Past Performance is not a reliable indicator of future performance. AMP Capital Investors (US) Ltd, a US registered investment advisor that offers non-discretionary advisory services to its affiliates, AMP Capital Investors Ltd and AMP Capital Investors (UK) Ltd through service agreements. Registration as a US Investment Advisor does not imply a certain level of training. All information on this website is subject to change without notice.