ELM Responsible Investments Global Fund receives RIAA Certification and Sustainable Plus Classification
1 March, 2024
We are pleased to announce that the ELM Responsible Investments Global Fund has recently received certification from the Responsible Investments Association Australasia (RIAA) as a Responsible Investment Product. ELMRI founder and portfolio manager Jai Mirchandani said of the achievement:
“We are honoured and excited to receive RIAA Certification for the ELM Responsible Investments Global Fund. This underscores our longstanding commitment to investing in companies at the forefront of environmental and social change, and is a testament to our dedication to responsible investing.”
The Global Fund is now also listed on Responsible Returns, a searchable index resource of responsible investment options available for Australian and New Zealand investors.
The Responsible Investment Certification Symbol is the leading mark for distinguishing quality responsible, ethical and impact investment products and services in Australia and New Zealand.
It is a Trademark owned and managed by the Responsible Investment Association Australasia (RIAA) and is trusted by investors and consumers across the region, providing confidence that a product or provider is delivering on its responsible investment promise and meeting the Australian and New Zealand Standard for responsible investing.
The Certification Symbol signifies that an investment product or service has implemented an investment style and process that takes into account environmental, social, governance or ethical considerations, and that the ELM Responsible Investments Global Fund has been certified by RIAA according to the operational and disclosure practices required by the Responsible Investment Standard.
5 June,
2024
Update: ELMRI Global Fund receives RIAA Sustainable Plus Classification
In May 2024, as a response to the maturing Responsible Investment market in Australasia, RIAA launched a Sustainability Classifications Initiative that builds on RIAA's Responsible Investment Certification Program. The initiative introduces three classifications: Responsible, Sustainable, and Sustainable Plus, which will empower financial product providers to differentiate and educate the market about their investment products.
We are proud to announce that the ELM Responsible Investments Global Fund has received the classification of Sustainable Plus. Sustainable Plus is the highest classification in the new system, and is awarded to products that go beyond the standard requirements of RIAA certification by also:
Having sustainability objectives that are prominent, binding, and measurable
Measuring and tracking progress against these objectives, and disclosing this publicly and to our investors
Aligning our portfolio and stewardship activities to these sustainability objectives.
To learn more about RIAA’s sustainability classifications, please see their website.
The ELM Responsible Investments Global Fund has been certified and classified by the Responsible Investment Association Australasia according to the operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsiblereturns.com.au and RIAA's Financial Services Guide for details.
The Responsible Investment Certification Program provides general advice only and does not take into account any person’s objectives, financial situation, or needs. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Because of this, you should consider your own objectives, financial situation and needs and also consider the terms of any product disclosure document before making an investment decision. Certifications are current for 24 months and subject to change at any time.