U Ethical Investors

U Ethical is an investment manager with a difference. We believe in creating a better world by investing with purpose—today and into the future.

Our first funds were established in 1985 and over recent years we have grown steadily to become one of the largest ethical investment managers in Australia with over $1 billion under management. We are an autonomous social enterprise of the Uniting Church with an independent board and ethical advisory panel.

We have developed a reputation for our unwavering commitment to ethics-driven performance. Our ethical authenticity is central to who we are, not just what we do. We aim to provide our clients with competitive market returns. And as a social enterprise, we contribute the majority of our operating surplus to social justice advocacy and community programs.

We are one of only a few investment businesses in Australia to have been certified as a B Corporation, which verifies that we meet the highest standards of social and environmental performance, transparency and accountability. From institutions to individuals, our clients partner with us because we adopt bold positions on important ethical matters. We don’t shy away from holding companies to account on controversial issues.

FY 2021/22 (FY 22)

Collaborating with companies you invest in and partner with to deliver emission reductions

Science alignment and coverage of targets

In progress

In conducting U Ethical’s equity portfolio climate target analysis for 2021, we noticed a poor “effective coverage ratio” among Australian listed companies. In our view, a target is more comprehensive when it focuses on a company’s predominant emissions scope(s) and has a high coverage ratio, which is defined as ‘the proportion of emissions, within the target scope(s), subject to the target.

For our 2022 commitments to Climate League2030, we will be seeking from portfolio companies a commitment to:

  • science-based decarbonisation, and
  • more appropriate reduction targets coverage.

This means that we will ask companies to increase the percentage of their carbon footprints (across Scope 1, 2 and 3) covered by the companies’ decarbonisation targets. We will also continue to engage with companies that have no climate commitments, particularly in sectors that are usually considered less material such as healthcare, consumer discretionary and consumer services.

FY 2020/21 (FY 21)

Collaborating with companies you invest in and partner with to deliver emission reductions

Active ownership and engagement with top 10 holdings contributing to carbon exposure.

In progress

U Ethical commits to prioritising further engagement with the top 10 portfolio holdings that contribute to the carbon footprint of the Australian Equities Trust – Wholesale and International Equities Trust – Wholesale. We have identified the top holdings contributing to carbon exposure by looking at these funds’ carbon footprint and low carbon transition profiles.

This action builds on U Ethical’s existing commitment to Climate Action 100+. U Ethical does not invest in companies that generate revenue from fossil fuels and for all new investee companies, we evaluate the historical trends in Scope 1 & 2 emissions, the extent of Scope 3 emissions, low carbon transition management capability and overall governance strength.

Latest Signatories


Stockland is one of the largest diversified property groups in Australia – owning, developing and managing a large portfolio of retail town centres, workplace and…


The Allianz Insurance Group is one of the world’s largest insurers with a proud 130 year history, providing support to over 100 million customers across…


TelstraSuper is Australia’s largest corporate, profit-to-member superannuation fund with more than $23 billion of funds under management on behalf over 85,000 members.

Aware Super

With $125 billion in funds under management, over one million members and 1,400 employees, we’re one of Australia’s largest industry funds providing superannuation, advice and…

Lendlease Funds Management

Lendlease’s Funds Management (LLFM) business manages $US36 billion in assets under management (AUM) comprised of property assets held across unlisted funds and separate mandates in…

Pendal Group

Pendal Group is an independent, global active investment management with approximately $100 billion in assets under management.


Cbus manages over $54 billion on behalf of 770,000 members.  Cbus is the leading super fund for building and construction in Australia.  Our members build…

Teachers Mutual Bank Limited

Teachers Mutual Bank Limited is a globally recognised ethical company with profit for purpose as the business model and philosophy. One of Australia’s largest mutual…


Pollination is a global climate change advisory and investment firm, accelerating the transition to a net zero, climate resilient future.


UniSuper is the super fund dedicated to people working in Australia’s higher education and research sector. With more than 450,000 members and $80 billion in…

New Forests

New Forests is a global sustainable forestry asset manager headquartered in Australia, with offices in New Zealand, Singapore and the United States. We are committed…


AustralianSuper manages $182 billion of members’ retirement savings on behalf of 2.3 million members from more than 330,000 businesses. One in 10 working Australians are…

Victorian Funds Management Corporation

Established under the Victorian Funds Management Corporation (VFMC) Act 1994, VFMC is a public agency that provides investment and fund management services to 29 Victorian…

U Ethical Investors

U Ethical is an investment manager with a difference. We believe in creating a better world by investing with purpose—today and into the future. Our…


For over 25 years our properties have been meaningful places for the retailers, companies, government departments and communities that use them. We generate returns for…

Active Super

With over 85,000 members and more than $11 billion in funds under management, Active Super is the fund of choice for ethical and sustainable investments.


HESTA is the industry superannuation fund dedicated to Australia’s health and community services sector. More than half of those working in the sector nationally invest…

Australian Ethical

Australian Ethical invests $7 billion ethically for over 60,000 super members and investors. Guided by the principles of the Australian Ethical Charter, Australian Ethical invests,…


abrdn (formerly Aberdeen Standard Investments) is dedicated to helping investors around the world reach their desired investment goals and broaden their financial horizons. We seek…

IFM Investors

IFM Investors was established in 1994, for the purpose of protecting and growing the retirement savings of our investors’ beneficiaries, who are millions of pension…

Queensland Investment Corporation

The Queensland Investment Corporation (QIC) is an investment manager specialising in alternatives offering infrastructure, real estate, private capital, liquid strategies and multi-asset investments. Collectively, QIC…