How we evaluate products
Responsible Investment strategies, processes, practices and disclosures are assessed against the eight criteria for product certification in the Responsible Investment Standard and accompanying Guidance and Assessment Notes.
What are the requirements?
In order to certify products as certified responsible investments, RIAA assesses them against its RI Certification Standard. The Certification Standard is underpinned by eight requirements that act as the guiding principles of the RI Certification Program. Since its inception the RI Certification Standard has evolved significantly, reflecting the dynamic evolution of responsible investment. These eight requirements are:
- RI strategies are formal, disclosed, consistent, auditable and fit for purpose
- Labels are clear, honest and not misleading
- Product avoids significant harm
- Discloses full holdings, performance, sustainability outcomes and engagement and voting practices
- Managed by active stewards, and managers can detail the stewardship practices and outcomes
- Organisation has formal commitment to responsible investment
- Organisation provides educational information to members and customers about RI strategies
What this symbol means


General certification: This Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations, and that it adheres to the operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product.
The content on this webpage is provided by Responsible Investment Association Australasia Ltd (ACN 641 046 666, AFSL 554110). For more information refer to our Financial Services Guide. Certain content provided may constitute a summary or extract from the offer document of a financial product. Any general advice has been provided without reference to your investment objectives, financial situation or needs. If the advice relates to the acquisition of a particular financial product for which an offer document (such as a product disclosure document) is available, you should obtain the offer document relating to the particular financial product and consider it before making any decision whether to acquire the product. Past performance does not necessarily indicate a financial products’ future performance. To obtain information tailored to your situation, contact a financial adviser.
Themes & Issues
Society
Renewable energy and energy efficiency
Included
Armaments
Mostly avoided
Fossil fuels
Mostly avoided
Tobacco
Mostly avoided
Environment
Renewable energy and energy efficiency
Included
Armaments
Mostly avoided
Fossil fuels
Mostly avoided
Tobacco
Mostly avoided
For RIAA’s definitions of the themes included and issues avoided, please view this guide . Product-specific exclusion criteria and practices may vary. You can find these by referring directly to the product provider.
Overview
Global Clean Energy ETF (ASX: CLNE) gives investors a diversified portfolio of 30 of thelargest and most liquid companies involved in clean energy production andassociated technology and equipment globally. CLNE aims to provide investmentreturns before fees and other costs which track the performance of the Index.
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The S&P Global Clean EnergySelect Index measures the performance of 30 of the largest and most liquidcompanies with businesses related to clean energy production and associatedtechnology and equipment globally, from both developed and emerging markets.Relevant business activities include but are not limited to:
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·        biofuel & biomass energyproduction, technology & equipment
·        ethanol & fuel alcoholproduction
·        fuel cells technology &equipment
·        geothermal energy production
·        hydro electricity production,turbines & other equipment
·        solar energy production, photovoltaic cells & equipment
·        wind energy production, turbines& other equipment
Description
 With targeted exposure to the largest global companies in the clean energy sector, the VanEck Vectors Global Clean Energy ETF (CLNE) provides investors access to this megatrend and what we believe to be a long-term growth opportunity as the world transitions away from the limited capacity of fossil fuels. CLNE’s holdings comprise a diversified mix of companies focused on clean energy production, and clean energy equipment and technology businesses. CLNE tracks the S&P Global Clean Energy Index, which is considered the market benchmark.Â
We, the Responsible Investment Association Australasia, don't earn any commission from providers or products you switch to.
Themes & Issues
1
themes included
0
issues fully avoided
3
issues mostly avoided
0
issues partially avoided
Product Targets
Retail
Certified Since
2021
Last date certified
November 10, 2023
Primary RI Strategy
Positive Screening, Best in Class Screening
Secondary RI Strategy