Responsible investment, including environmental, social, and governance considerations, is taken into account in the investment policies and procedures of the scheme as at the date of this product disclosure statement. You can obtain an explanation of the extent to which responsible investment is taken into account in those policies and procedures at www.milfordasset.com/new-to-investing/our-investment-approach

 At Milford, we consider ourselves owners of much more than a company’s financial statements. We are investors in the management, the buildings, the employees, the culture and the brand. We know to make the right investment decision, we must consider the whole. The Milford investment team have always looked for the best companies. It is clear to us the best companies are those committed to sustainable practices. Over time, we believe these businesses will deliver better environmental and social outcomes outcomes, stronger financial performance and ultimately, higher shareholder returns. Milford is defined by its active management philosophy and we are acutely aware of our capacity as shareholders to drive positive change. We embrace this strength by working with company management, boards and policy makers to help businesses transition to more sustainable models and strategies. We believe this is how we can best play our part in the transition to a more sustainable future. We are vocal in promoting best practice corporate governance and actively exercise our proxy voting rights to clearly communicate our expectations regarding  environmental, social and governance (ESG) factors.  While our preference is to engage to address areas of sustainability weakness or concern, if in individual cases we conclude poor sustainability practices have the potential to cause severe harm, compromise long-term returns or expose investors to unmitigated risk, the security is placed on the Milford ESG Exclusion List.  We also exclude direct investments in companies involved in the manufacture of tobacco and recreational cannabis, and the manufacture of a broad range of weaponry with a 0% threshold.