2020 Responsible Business Report

We are taking practical action to champion our responsible business ideals in our investment decision making and stewardship activities, as well as our own practices as a global employer and investor.

We are releasing this Responsible Business Report at a time that continues to be challenging for people everywhere because of the COVID-19 global pandemic.

In what has been an unprecedented time, our highest priority continues to be the safety and wellbeing of our global team, the people who work at our investments and members of the communities in which we invest and operate.

We continue to prioritise addressing climate change risks, promoting constructive relations at workplaces, and focussing on inclusion and diversity. And we are taking practical action to champion these ideals not only in our investment decision making and stewardship activities, but also in our own practices as a global employer and investor.

During the financial year 2019/20, we expanded our carbon reduction program and sustainability reporting initiative to our infrastructure investments globally; strengthened our approach to ESG analysis in diversified credit; and continued to engage with listed company boards to better manage risks relating to conditions and fair wages for working people – particularly in the context of the COVID-19 crisis. We have also continued to work closely with our private equity investee companies, with a focus on measuring their ESG impact to enhance positive social and environmental outcomes.

At IFM, we refreshed our inclusion and diversity strategy; continued to support the learning and development of our people; and provided support to some of the most vulnerable people in the community through our corporate and people-led community giving programs.

We recognise there is always more work to do across our responsible business priority areas, and this report highlights key actions that are planned or are underway right now. We will continue to take actions that prioritise the interests of our investors and their members and beneficiaries.

I want to thank the incredible team at IFM for their contributions to our responsible business activity and outcomes. I look forward to IFM continuing to deliver on its purpose to protect and grow the long term retirement savings of working people.