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
Social and sustainable infrastructure
Included
Sustainable land and agricultural management
Included
Armaments
Fully avoided
Tobacco
Mostly avoided
Fossil fuels
Partially avoided
Gambling
Partially avoided
Pornography
Partially avoided
Environment
Social and sustainable infrastructure
Included
Sustainable land and agricultural management
Included
Armaments
Fully avoided
Tobacco
Mostly avoided
Fossil fuels
Partially avoided
Gambling
Partially avoided
Pornography
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
The Investment Manager recognise the importance of labour standards or environmental, social or ethical considerations in investments, and believes certain environmental, social and corporate governance (ESG) issues may impact the sustainable value of businesses. ESG factors are taken into consideration as part of the Investment Manager’s investment process in the Underlying-Fund. The Underlying-Fund considers ESG factors as part of its process of selection, retention and realisation of investments to the extent such factors are determined by the investment manager of the Underlying-Fund to have a financial impact on the investments and may impact the risk adjusted returns. Examples of ESG factors which the investment manager of the Underlying-Fund considers are but not limited to:[1] environmental factors such as a company’s waste management, site condition and contamination.[2] social factors such as a company’s acts that directly affect people and communities which may include employment conditions, labour rights, health & safety, animal welfare.[3] governance factors such as management structures and behaviours, business practices.The Underlying-Fund employs a negative screen when conducting due diligence and will refrain from lending to assets that have any exposure through asset value or income to any of the following sectors or activities:• Tobacco and tobacco alternatives production• Military• Controversial weapons• Nuclear weapons• Fossil fuel exploration and extraction (for example oil, gas and coal assets)• Animal crueltyIn addition, the Underlying-Fund will refrain from lending to assets where more than 25% of the total asset value or income derived from the asset includes the following sectors:• Tobacco retailing and sales• Adult entertainment venues• Gambling (e.g. licensed gaming venues, pubs and casinos)• Fossil fuel retailing and sales (for example petrol stations)• Deforestation and detrimental change in land use.These ESG factors are also considered as part of the Underlying-Fund’s loan monitoring program. Where those factors may negatively impact the investment performance or company stability, the investment manager’s team will generally discuss these matters with company management under its engagement program and/or review the decision to hold the specific investment. No specific methodology is used for such reviews nor are there pre-determined views about the extent to which such factors will be taken into account in a review. For more information, refer to Woodbridge Capital’s ESG Policy at https://www.woodbridgecapital.com.au/esg
Description
The Fund provides investors withindirect exposure to first mortgage (senior secured) Australian and New Zealandreal estate loans – with an ESG integrated investment process and philosophy.
The Fund invests in the WoodbridgePrivate Credit Fund (Underlying-Fund) managed by Woodbridge Capital.
All investments in the portfoliohave a valuation prepared by an independent, qualified and registered valuer.
The Fund does not provide exposureto high-risk loans such as preferred equity loans, mezzanine finance, secondmortgage loans or corporate loans.
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
1
issues mostly avoided
3
issues partially avoided
Product Targets
Retail
Certified Since
2024
Last date certified
June 21, 2024
Primary RI Strategy
Negative Screening, ESG Integration
Secondary RI Strategy
Engagement and voting