Responsible Investment

We aim to invest your money in a responsible way.

IOOF’s long history provides many examples of positive contributions to individuals and communities. This dedication continues today as we increase our focus on Environmental, Social and Governance (ESG) action at a corporate level. 

We recognise that if we’re to succeed as a business, we must carefully consider the sustainability of the environment and communities in which we operate - ESG targets are a key pillar in our corporate strategy.

Across our superannuation and investment businesses we apply ESG principles through Responsible Investment. 

Responsible Investment means that we consider the following ESG factors, risks and opportunities in our investment process. This is important as it aligns to our goal of helping our clients to secure their financial future. 

As a member of the Responsible Investment Association of Australasia (RIAA)⁺ and the Investor Group on Climate Change (IGCC)⁺ we look to drive deeper engagement with our industry peers as we collectively contribute to enhancing ESG impacts on investing. 

⁺ Membership is via MLC Asset Management (MLCAM). MLCAM is part of the IOOF group of companies, comprising IOOF Holdings Ltd (ABN 49 100 103 722) and its related bodies corporate.

Our beliefs*

Our investment beliefs are outlined in IOOF’s Responsible Investment Statement which describes the role Responsible Investment plays in the assessment, selection and monitoring process of our externally appointed managers. We consider that:

• ESG factors can be a source of opportunity and risk in the management of investment portfolios
• ESG factors assist in meeting long-term performance objectives
• Proxy voting and company engagement can influence corporate behaviour.

How do we invest responsibly?* 

The Responsible Investment framework is supported by our asset consultants, working together to continually improve and strengthen our responsible investment disclosure and process. 

Engagement with our investment managers on ESG and climate change matters is key. Every six months, ESG scores and carbon intensity footprints are calculated on our underlying portfolios and the results are reported to the Investment Management Committee. We also undertake a risk assessment of our managers as part of our Modern Slavery policy and action plan.

Shareholders can influence a company's operations, corporate governance and socially responsible activities by voting. Proxy voting is where a vote is cast on behalf of a shareholder. While our proxy voting has been delegated to external managers, we assess voting polices as part of our broader due diligence framework and make sure that the approach considers both the best interests of investors, and our Responsible Investment Principles. Read our Proxy Voting Standard for more information.  

Responsible Investment across the IOOF Group

To find out more about Responsible Investment in IOOF’s superannuation business, (including IOOF Investment Management Limited) read our APRA Regulated Entity Responsible Investment Position Statement.

• For OnePath funds - including ANZ Smart Choice and OptiMix visit the OnePath website.
• For MLC funds visit the MLC Asset Management website.

* This applies to IOOF Investment Services Limited (IISL) where it acts as a Responsible Entity/trustee of a managed investment scheme.