Long before Westpac decided not to invest in the proposed Adani mine because of climate change concerns, UCA Funds Management was leading the way in ethical investment. This commitment is clearly demonstrated in its latest annual report.
The new-look report does not just tell investors how their money is performing, it highlights the good their money is doing.
“Ethical investors are investing to make a difference. So when reporting, we wanted to reflect this focus,” UCA Funds Management Chief Executive Officer Michael Walsh said.
“We want our investors to be fully informed about what social justice, community and environmental activities they supported during the year. These activities are important to them, and we want to show investors how they are impacting the world for good.”
Last year, UCA Funds Management investors helped support disability inclusion programs, interfaith projects and a variety of community services in Victoria and Tasmania.
Investors also supported campaigns on social issues such as credit card gambling, gambling advertising and lending practices.
As part of its ongoing advocacy UCA Funds Management has engaged with the major banks to stop credit card use for online gambling and has worked to ensure gender diversity at the board level for ASX-listed companies.
In its report UCA Funds Management announced a continued investor focus for 2017, with a strategy focused on meeting investor needs and a commitment to competitive investment returns.
From a financial viewpoint, the UCA Funds announced it reached $1 billion under management and provided more than $46 million of income to investors in 2016.
UCA Funds Management also provided more than $3 million to community services, advocacy and mission-based activities across Australia.