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 Responsible InvestmentMORE PUBLICATIONS
I always look forward to the launch of the annual Responsible Investment Benchmark report in New Zealand and seeing how the country is progressing on its responsible investment journey. The report is produced by the Responsible Investment Association of Australasia (RIAA) each year and provides a unique snapshot of the responsible investment sector in New Zealand. Over time it’s been encouraging to see the industry mature and the growing investor awareness and interest in investing responsibly.
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. All information on this website is subject to change without notice.
AMP Investment Management (N.Z.) Limited (FSP37681) is the manager and issuer of the various AMP Capital Investment Funds offered through this website. Product Disclosure Statements for the funds are available and can be obtained from the Pricing and Performance page.