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1.1 Policy number: CO -O-085.0
1.2 Category: Organisational
1.3 Approval date: October 2018
1.4 Revision date: February 2020
1.5 Unit responsible Office of the President and CEO
This Policy has been developed in accordance/pursuant to the RACGP’s Environmental and Social Statement (ESS).
The RACGP seeks to avoid investments that fail to adhere to a morally positive, sustainable approach to the environment and society or cause unacceptable human harm.
The RACGP endeavours wherever practical to invest its funds only after having given due consideration to ethical, environmental, corporate governance and social issues. This includes investments where products, services and practices enhance health and welfare, together with preservation of the environment.
4.1 The RACGP will
Where the RACGP finds investment fund managers to be unresponsive or unwilling to become responsive to its environmental and social governance policy, the RACGP will divest from all investments with those managers and seek alternative managers that best align with the policy’s principles.
The RACGP will review the current environmental, social and governance factors related its direct and indirect investments on an annual basis and apply appropriate level of screening to positively promote the environmental and social governance investment policy.
5.1 Industry examples considered as positive investment options include funds involved in:
5.2 The RACGP will avoid, where practical, investing in funds that:
5.3 The following industries will be excluded where practical, due to their negative impact:
In accepting and endorsing this draft environmental and social governance investment policy, RACGP members acknowledge and accept the potential impact on the organisation’s return on investment. That is, investment in certain industries may yield less desirable, financially lucrative investment outcomes for the RACGP.
7.1 Policies, Procedures and Guidelines:
The FARM Committee will review the Environmental and Social Governance Investment Policy at least once yearly and recommend any changes to the Board for endorsement.
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