The objective of the fund is to provide a regular, above average income through investing in a range of bonds and bond market instruments that meet strict criteria ethically and financially.
Animal Testing Non-Medical
Excludes companies providing animal testing facilities, manufacturers or retailers not adopting a fixed cut-off date policy with regard to the testing of cosmetic or household products (and their ingredients) on animals.
Excludes companies involved in rearing or processing of animals for food without evidence of policy, management or reporting on farm animal welfare.
Excludes manufacturers or vendors of strategic weapon systems, munitions or combat vehicles.
Human Rights Violation
Excludes companies involved in non-compliance with standards set by the International Labour Organization and United Nations Universal Declaration of Human Rights, including direct use of child, forced or bonded labour.
Companies should be involved in designing or manufacturing products that have social benefits and might include companies involved in enabling compliance with health & safety legislation. Companies should also demonstrate long-term giving programmes of benefit to the community, either via cash donations or gifts in kind (e.g. staff time, use of buildings or office facilities), membership of corporate giving benchmarking groups such as Business in the Community's PerCent Club or the London Benchmarking Group.
Education & Knowledge Positive
Companies should be involved in designing or manufacturing products that have social benefits. These might include companies engaged in supplying educational products or services.
Companies should demonstrate a commitment to workplace diversity and equal opportunities, as well as facilitating employee work/life balance by offering flexible working arrangements, carers' leave and/or childcare facilities.
Environment Management Positive
Companies should have a clearly defined and published policy for managing their environmental impacts. The policy should include:
having a nominated board member with responsibility for environmental issues; and
monitoring and reporting on progress against key performance indicators (KPIs) in areas such as waste disposal and recycling, consumption of water and fuel, emissions to air, and discharges to land and water.
Environment Technology Positive
Companies should be involved in designing or manufacturing products that have environmental benefits. These might include companies which make industrial processes cleaner or more efficient; companies involved in waste recycling or acceptable forms of waste management; manufacturing, installing or operating renewable energy infrastructure; building or operating sustainable transport systems.
Human Rights Positive
Companies should comply with local and national standards in accordance with minimums set by the International Labour Organization (ILO) and United Nations Universal Declaration of Human Rights (UDHR). Alternatively, companies may implement their own codes of conduct to ensure compliance with local laws covering child labour, working conditions and health & safety.