Responsible Investment Leaders (RIL) funds - update from AMP Capital

The Responsible Investment Leaders (RIL) range of funds, including the Anglican National Super (ANS) MySuper Responsible Investment Leaders (RIL) LifeStages investments, are managed by a team at AMP Capital, which is part of the AMP group1. Learn more from AMP Capital about what’s happened in the RIL funds over the last year.

2017 saw a number of changes in the Responsible Investment Leaders (RIL) funds. The RIL funds joined a coalition of investors committed to tackling child labour in cocoa production by signing the Investor Statement in Support of Combatting Child Labour in Cocoa. They also joined Climate 100+, a new five-year global initiative designed to bring the world’s largest investors to the table with the world’s largest greenhouse gas emitters. To date, 225 investors responsible for more than US$26.3 trillion of assets under management have committed to the initiative. The investment manager running the RIL funds is leading global investors in an engagement on climate change with the board and CEO of BHP Billiton.

AMP Capital continue to publish some lengthy research pieces that are designed to kickstart public debate. Recent examples include risks posed by sugar to food and beverage companies as a result of the global obesity epidemic, the major health risks posed by human resistance to antibiotics, and the rise of shareholder activism. They have also published a series of reports on the impact of climate change on the property sector if the world does not succeed in keeping the average temperature rises to below 2 degrees Celsius in accordance with the Paris Agreement.

A highlight was the RIL funds’ first full year investing in green bonds. As of April 2018 the RIL funds now own 48 green bonds, with the funds flowing directly to renewable projects across the world. Among the 48 green bonds, two were issued by Apple Inc. for renewable projects, including its US$850 million solar farm near San Francisco; one was issued by the Queensland Government for its low carbon public transport projects; and one was issued by the World Bank for a range of projects including powering parts of India that have never had electricity before with renewable energy.

The RIL funds are also investing in cleantech, with venture capital fund Angeleno backing the next generation of clean energy and natural resources companies.

2018 is proving to be an important year for responsible investment. AMP Capital are closely monitoring the data and privacy issues impacting Facebook and they look forward to vigorously debating the ethics of investing in social media in a period where regulation is still in its infancy and most users don’t understand the data that they are giving away.

Other issues high on the RIL funds’ agenda at the moment are the underpayment of workers in the Australian franchise sector, economic inequality, climate change, sales cultures in the banks and insurers, and gender diversity. They are particularly excited about the next generation of impact bonds, being social bonds, and look forward to funding projects that aim to tackle poverty, water scarcity or affordable housing.

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1. AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of the Responsible Investment Leaders Balanced Fund, the Responsible Investment Leaders Australian Share Fund and the Responsible Investment Leaders International share fund (together, the Funds) and the issuer of the units in the Funds. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this document, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to their objectives, financial situation and needs. This document is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent of AMP Capital.

Any advice in this email is general in nature and is provided by AMP Life Limited ABN 84 079 300 379 (AMP Life). The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on this advice, you should consider the appropriateness of this advice having regard to those matters and consider the SignatureSuper® (ANS) product disclosure statement available at amp.com.au or by calling 1300 361 267 before making a decision about the product. The issuer of the SignatureSuper® (Anglican National Super Plan) is AMP Superannuation Limited ABN 31 008 414 104, AFSL No 233060. AMP Life is part of the AMP group and can be contacted on 1300 157 173. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. For more details about your plan, refer to the plan summaries section of the ANS member website. AMP Capital Funds Management Limited is part of the AMP group.

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