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
High scoring ESG companies
Included
No specific themes
Included
Fossil fuels
Fully avoided
Armaments
Mostly avoided
Alcohol
Mostly avoided
Animal cruelty
Partially avoided
Gambling
Partially avoided
Genetic engineering
Partially avoided
Human rights abuses
Partially avoided
Nuclear power
Partially avoided
Pornography
Partially avoided
Tobacco
Partially avoided
Environment
High scoring ESG companies
Included
No specific themes
Included
Fossil fuels
Fully avoided
Armaments
Mostly avoided
Alcohol
Mostly avoided
Animal cruelty
Partially avoided
Gambling
Partially avoided
Genetic engineering
Partially avoided
Human rights abuses
Partially avoided
Nuclear power
Partially avoided
Pornography
Partially avoided
Tobacco
Partially 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
VanEck Vectors MSCI Australian Sustainable Equity ETF (GRNV) is a true-to-label sustainable Australian equity portfolio with a values-based and environmental impact investing solution. GRNV tracks a state-of-the-art benchmark index, the MSCI Australia IMI Select SRI Screened Index (GRNV Index).
Description
The rules for inclusion in the GRNV Index encompass both negative and positive screens across the broad MSCI Australia Domestic IMI universe. Business involvement screening exclusion is set out below.Companies with material involvement in the following activities are excluded: (material involvement criteria varies by category and is outlined in in the MSCI Australia IMI Select SRI Screened Index Methodology. • Adult entertainment• Alcohol• Animal welfare• Civilian firearms• Conventional weapons• Controversial weapons• Fossil fuel (any companies that own any fossil fuel reserves or derive revenue from mining thermal coal or from oil and gas related activity)• Gambling• Genetically modified organisms (GMOs)• Nuclear power• Nuclear weapons• Tobacco• Soft drinks• Nutrition & Health.ESG controversies exclusion: Companies flagged by MSCI as having red or orange ESG controversies are excluded from the GRNV Index.Human rights controversies exclusion: Companies flagged by MSCI as having red, orange or yellow human rights controversies are excluded from the index.ESG leaders’ inclusion: Research data from MSCI is used to only include ESG leaders. MSCI rates companies’ ESG performance on a scale of 'AAA' to 'CCC'. Only companies rated ‘AAA’, 'AA' or 'A' are included in the GRNV Index.
We, the Responsible Investment Association Australasia, don't earn any commission from providers or products you switch to.
Themes & Issues
2
themes included
1
issues fully avoided
2
issues mostly avoided
7
issues partially avoided
Product Targets
Wholesale
Retail
Institutional
Certified Since
2020
Last date certified
May 10, 2024
Primary RI Strategy
Negative Screening, Positive Screening
Secondary RI Strategy