Kate Galvin’s interview with the Financial Standard – Walking the Walk
Chief executive of one of Australia’s largest investment managers, Kate Galvin is helping spearhead...
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VFMC aims to improve risk-adjusted returns by managing environmental, social and governance (ESG) risks alongside other investment factors. We believe integrating ESG factors into our decision-making process is essential to our role as responsible stewards of capital, and critical for safeguarding clients’ long-term returns.
VFMC seeks to wholly integrate ESG into all facets of our investment activities and our approach to investment stewardship encompasses the following key areas of work:
VFMC primarily seeks to manage ESG risks through its active ownership investment approach and generally avoids exclusion. However, in certain circumstances, after comprehensive assessment of the economic, legal and fiduciary requirements, and risk and return issues associated with the investment, VFMC may decide to apply an investment exclusion. VFMC has exclusions in place for tobacco manufacturers, cluster munitions and thermal coal.
To maintain our robust approach to ESG risk, VFMC regularly collaborates and shares knowledge with peer investors and other industry participants. We also work with investment managers, investee companies and other institutional investors through investor-led initiatives to integrate, capture and monitor the positive social, environmental and governance impacts of investments.
Industry collaborations include:
VFMC believes the impacts and effects of climate change are systemic in nature and pose widespread risks to human and societal wellbeing, ecological health and resilience, and to the wider economy.
VFMC supports the aim of both the COP26 and 2015 Paris Agreement to limit global warming to well below 2 degrees (moving toward 1.5 degrees) to minimise the worst impacts of climate change. In doing so, VFMC makes the following commitments:
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