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 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
No specific themes
Included
Armaments
Fully avoided
Human rights abuses
Fully avoided
Labour rights violations
Fully avoided
Nuclear power
Fully avoided
Fossil fuels
Mostly avoided
Tobacco
Mostly avoided
Gambling
Partially avoided
Pornography
Partially avoided
Alcohol
Partially avoided
Environment
No specific themes
Included
Armaments
Fully avoided
Human rights abuses
Fully avoided
Labour rights violations
Fully avoided
Nuclear power
Fully avoided
Fossil fuels
Mostly avoided
Tobacco
Mostly avoided
Gambling
Partially avoided
Pornography
Partially avoided
Alcohol
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
Vanguard Ethically Conscious Global Aggregate Bond Index Fund (Hedged) – AUD Hedged seeks to track the return of the Bloomberg MSCI Global Aggregate SRI Exclusions Float Adjusted Index Hedged into Australian dollars before taking into account fees, expenses and tax.
Description
The Fund provides low cost exposure to high-quality, income-generating securities issued by governments, government-owned entities, government-guaranteed entities, investment-grade corporate issues and securitised assets from around the world.In constructing the Index, using MSCI research, Bloomberg (the Index provider) excludes the securities of issuers that engage in activities in, and/or derive revenue (above a threshold specified by the Index provider) from, fossil fuels, nuclear power, alcohol, tobacco, gambling, weapons and adult entertainment. This index methodology also excludes the securities that have a controversy score above a threshold specified by MSCI. Where MSCI has insufficient or no data available to adequately assess a particular security relative to the ethically conscious criteria of the Index, these securities may not be excluded.Investors should be aware that the index methodology only screens the securities of issuers that are researched by MSCI. The screening process does not review government securities, and certain securitised assets and company structures, particularly government related corporations and non-listed companies. Accordingly, securities issued by non-screened entities may also be contained in the Index that is tracked by the Fund.Further details in relation to the index including details as to its exact composition, methodology, and exclusions and any revenue thresholds, can be obtained by visiting Bloomberg at https://www.bloomberg.com/professional/product/indices/.The Fund is hedged to Australian dollars so the value of the Fund is relatively unaffected by currency fluctuations.Index Fact Sheet https://assets.bbhub.io/professional/sites/10/Bloomberg-MSCI-Global-Aggregate-SRI-Exclusions-Float-Adjusted-Index-2022-Mar.pdf
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Themes & Issues
1
themes included
4
issues fully avoided
2
issues mostly avoided
3
issues partially avoided
Product Targets
Wholesale
Institutional
Certified Since
2018
Last date certified
March 20, 2023
Primary RI Strategy
Negative Screening
Secondary RI Strategy