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Australian Ethical Investment

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Australian Ethical Investment Limited
Company typePublic
ASX: AEF
IndustryFinancial Services
Founded1986; 38 years ago (1986)
Headquarters130 Pitt St, Sydney, Australia
Key people
Productssuperannuation, managed funds, ETF, pensions
RevenueA$58.7 million (Y.E. 30 June 2021)[2]
AUMIncrease A$9.2 billion (2023)[3]
Number of employees
100
Websiteaustralianethical.com.au

Australian Ethical is an Australian ethical investment management company, based in Sydney.

History

The company was a founding B Corp in Australia.[4][5] It was awarded the B Corp "Best for the World" ranking it in the top 10% of B Corps globally in various categories in the years 2015–2019 and 2021–2022.[6]

Australian Ethical has $9.20 billion in funds under management and more than 127,000 clients (managed fund investors and funded superannuation members) as of 30 June 2023.[7]

The company works off the framework provided by the Australian Ethical Charter, a list of 23 principles that have been part of the company's constitution since 1986.[8] The Charter is used to make decisions about the companies in which Australian Ethical will or will not invest.[citation needed]

Products and services

The company offers a number of superannuation, managed fund and ETF products. [citation needed]

Community giving

Australian Ethical distributes up to 10% of its annual profits (after tax and before bonuses) to charitable organisations and social impact initiatives through the Australian Ethical Foundation.[9]

To date, the Australian Ethical Foundation has paid out over $6 million in community and strategic grants. In FY21 the company donated $1.8 million through the foundation.[10] The Community Grants selection process uses community voting to help decide the projects considered to be the most important to the Australian community by engaging shareholders, members, staff and the public to have their say.[11][12]

References

  1. ^ McCubbing, Gus (3 February 2020). "McMurdo new CEO of Ethical Investment fund". Seven News.
  2. ^ "Archived copy". Archived from the original on 29 November 2021. Retrieved 29 November 2021.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ^ "Now, we manage $9.20 billion for over 127,000 funded customers as at 30 June 2023". www.australianethical.com.au. 30 June 2023.
  4. ^ "Australian Ethical certified as a B Corporation - Australian Ethical - Super and Managed Funds". Australian Ethical - Super and Managed Funds. 20 February 2014. Retrieved 5 September 2018.
  5. ^ "What is B-Corp". B Corp.
  6. ^ "Australian Ethical Investment | Certified B Corporation". bcorporation.net. Retrieved 9 December 2022.
  7. ^ "AEF Quarterly FUM Announcement Q4 FY23" (PDF). Australian Ethical.{{cite web}}: CS1 maint: url-status (link)
  8. ^ "Australian Ethical - ethical investing".
  9. ^ "Australian Ethical Foundation".
  10. ^ "Australian Ethical Foundation".
  11. ^ "Australian Ethical Foundation - Australian Ethical".
  12. ^ NDIS Properties, 11 May 2023
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