Australian Ethical

About Australian Ethical

Policy assessment

74%

Social media

Bank's Policy

Animal Farming & Food Production
90%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand - animals:
This means we avoid:
- current systems of animal agriculture. We assess the harm to animals and the environment (including climate) caused by current large-scale commercial animal agriculture is unnecessary because lower impact, balanced plant-based diets can sustain healthy human life. See our position on Agriculture.

Where we stand - fish farming:
We don’t believe fish farming is sustainable.
Although production of farmed fish is much less greenhouse gas-intensive than beef and lamb production, it is still significantly more emissions-intensive than sources of plant-based protein such as nuts and beans. It has become increasingly urgent that emissions are reduced across all sectors of the economy to reduce dangerous global warming. Given the availability of lower emissions plant-based sources of protein, we took the view that fish farming is not part of an optimal transition to achieve net zero global emissions.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that do not respect the 5 Freedoms

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture. We exclude investment in companies which export live animals for food because of the harm caused to animals in transport and their potential mistreatment in poorly regulated overseas markets.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that do not respect the 5 Freedoms

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture.

Comments on score: Our position on topical issues (2019) https://www.australianethical.com.au/super/our-position-on-topical-issues/

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that do not provide animals with adequate environmental conditions

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that use painful procedures

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
(…) we are part of initiatives to increase consumption of plant based protein. We also support organisations supporting animal welfare through our community grants program.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that dont prioritize animal welfare in breedig

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand:
We do not invest in live export.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that transport animals for more than 8 hours.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that transport animals for more than 8 hours.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that dont use the less stress and pain free slaughter methods

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture.

Comments on score: As Australian Ethical does not invest in animal agriculture, it does not apply to this sector. However, the policies do not cover reporting on animal welfare in other sectors.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
part of initiatives to eliminate antibiotic use which facilitates factory farming.

Comments on score: Australian Ethical avoids investing in animal agriculture because it is unsustainable. Imlied in this position is that it does not finance companies that use antibiotics in a non-prudent way

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand:
We also support animal protection organisations through our Community Grants program, and advocate for animals in our company engagements and through our public voice (see our positions on ethical influencing and animal wellbeing).

Comments on score: While Australian Ethical advocates for dietary shifts, it does not require companies to set timebound targets.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Topical issues:
We are part of a global initiative to raise animal welfare standards across the agriculture and food supply sectors, as well as initiatives to increase consumption of plant based protein

Comments on score: While Australian Ethical advocates for dietary shifts, it does not require companies to set timebound targets.

Animal Testing
67%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand:
We avoid:
- cosmetic companies that test their products or ingredients on animals

Comments on score: The policy avoids some types of non-medical testing, but not all.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on topical issues:
We exclude cosmetics companies that test products on animals

Comments on score: The policy avoids some types of non-medical testing, but not all.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand:
We exclude healthcare investments which use animals for medical testing unless they meet strict requirements. See our position on Healthcare.

Comments on score: The policy requires meddical testing to follow strict criteria

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: The policy requires meddical testing to follow strict criteria

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture.

Comments on score: The bank does not invest in animal agriculture and therefore neither in th genetic modification of farmed animals. However, it does not have a policy on the genetic modification of animals for other purposes.

Pets, Entertainment and Fashion
75%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Our position:
We don’t currently invest in animal agriculture.

Comments on score: Australian Ethical does not invest in animal agriculture, and thus not in the farming of animals for fur. However, it does not have a policy on fur.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand:
This means we avoid:
- industries that use animals for entertainment and sport. This includes horse and greyhound racing, as well as film and media companies that use wild captive animals in productions

Comments on score: Australian Ethical avoids companies that use animals for entertainment or sport

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Australian Ethical Charter:
Australian Ethical shall seek out investments whih provide for and support:
- the dignity and well being of non-human animals

Comments on score: Australian Ethical avoids companies that use animals for entertainment or sport

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand:
This means we avoid:
- industries that use animals for entertainment and sport. This includes horse and greyhound racing, as well as film and media companies that use wild captive animals in productions

Comments on score: The policy does not cover this criterion especifically, but in general requires the dignity and well being of non-human animals to be guaranteed

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Australian Ethical Charter:
Australian Ethical shall seek out investments whih provide for and support:
- the dignity and well being of non-human animals

Comments on score: The policy does not cover this criterion especifically, but in general requires the dignity and well being of non-human animals to be guaranteed

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand:
This means we avoid:
- industries that use animals for entertainment and sport. This includes horse and greyhound racing, as well as film and media companies that use wild captive animals in productions

Comments on score: Australian Ethical avoids companies that use animals for entertainment or sport

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Australian Ethical Charter:
Australian Ethical shall seek out investments whih provide for and support:
- the dignity and well being of non-human animals

Comments on score: Australian Ethical avoids companies that use animals for entertainment or sport

Governance
38%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: The bank has internal policies on this, but these are not public.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: Suppliers are screened to determine alignment with the environmental and social principles, but it does not specifically require them to comply with all criteria, inlcuding the animal welfare ones.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Year Report 2020:
As part of our tendering process, material service providers to Australian Ethical are screened to determine their alignment with the environmental and social principles of the Australian Ethical Charter.

Comments on score: Suppliers are screened to determine alignment with the environmental and social principles, but it does not specifically require them to comply with all criteria, inlcuding the animal welfare ones.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: not covered

Assessed policy

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not covered

Comments on score: not covered

Assessed policy

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not covered

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Where we stand:
We also support animal protection organisations through our Community Grants program, and advocate for animals in our company engagements and through our public voice (see our positions on ethical influencing and animal wellbeing).

Comments on score: Australian Ethical is part of initiatives to increase consumption of plant based protein

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Position on Topical issues:
We are part of a global initiative to raise animal welfare standards across the agriculture and food supply sectors, as well as initiatives to increase consumption of plant based protein

Comments on score: Australian Ethical is part of initiatives to increase consumption of plant based protein

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

Ethical Influencing:
We co-signed engagement letters to 17 global food manufacturers and retailers about opportunities to replace animal protein ingredients and products with plant protein, arranged by Farm Animal Investment Risk and Return (FAIRR) as part of their sustainable protein supply chain engagement.

Comments on score: Australian Ethical is part of initiatives to increase consumption of plant based protein

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