One of our founding principles is to be ethical, fair and honourable. This is part of who we are and guides how we do business.
Our approach to corporate responsibility follows a similar line and focuses on:
- ensuring our responsibility to society is addressed through considering the long-term corporate sustainability of all our investment decisions.
- supporting the needs and interests of our community, with a strong focus on the development and support of Australian youth.
Principles of Responsible Investing
As investors in businesses, it is a natural part of our research process to consider environmental, social and governance (ESG) factors.
We incorporate ESG principles early on, with manufacturers of tobacco and weapons being screened from our investable universe. We also believe that ESG is simply part of good business practice and, due to our active and concentrated investment approach, we look very closely at the regard a company’s management team has for it.
Where we see management not addressing ESG issues appropriately, we will apply a discount to the value of a company. Not having a strong focus on ESG is, in our view, simply bad business, which leads to poor outcomes for investors. PM Capital is proud to be a member of ESG Research Australia, which aims to encourage better investment decision-making through active consideration of ESG issues.
We are also a signatory of the UN Principles of Responsible Investing (UNPRI), a voluntary, aspirational initiative that provides a framework for integrating ESG considerations into investment decision-making. You can read our Responsible Investment Policy here.