ENVIRONMENTAL, SOCIAL & CORPORATE GOVERNANCE POLICY
Purpose of the Policy
The Arrow Private Wealth (“Business”) Environmental, Social and Corporate Governance Policy (“Policy”) aims to provide guidance to the organisation and other key stakeholders, in the commitments in which the “Business” has made to minimise the impact of business activities on the environment and engage in positive activities that have a lasting benefit on the environment.
The “Business” commitment is to:
- Enhance long-term client and stakeholder value, and
- Reduce the social, environmental and financial risks related to our operations.
Activities
The “Business” commitments are represented by the following key activities:
Consumables:
- We actively promote recycling both internally and with our suppliers.
- We use environmentally friendly soap and cleaning products such as Thank You or Earth Choice
- Member of the Nespresso Recycle Program
- We use Who Gives A Crap 100% Recycled toilet paper, tissues and paper towels
- We use recycled toner cartridges and return to the manufacturer for recycling once consumed
- Use of FSC certified recycled paper stocks as standard office copy paper for internally printed materials
- Initiatives to reduce paper use by encouraging the use of digital alternatives including
o Decommissioning of the in-house server hardware and migration to secure cloud storage
o Communications via video or email, subject to client preferences
o Use of electronic document signing through DocuSign
Other Operations
- Video conferencing to reduce reliance on travel
Social
- We actively encourage our employees to travel by bicycle or public transport to work.
- We actively encourage our employees to bring healthy home cooked food for meals
- We have flexible working arrangements including work-from-home initiatives
- We maximise office tenancy as far as practical
Ethical Investing:
- Our in-house investment committee Arrow Asset and Investment Management (“AAIM”) operates a socially responsible Managed Portfolio investment option which is offered to clients.
- The portfolio’s underlying investments have both positive and negative screening criteria which dictate what companies can be included. The negative screening which AAIM undertake for this socially responsible Managed Portfolio is to exclude investments that generate more than 10% of their revenue from any of the below business activities:
o Tobacco;
o Weapons manufacture & Distribution; and,
o Gambling.
- What makes the Managed Portfolio stand out, is the positive screening or sustainability themed aspects of the strategy. The funds we invest in within our socially responsible portfolio not only avoid harm and mitigate exposure to carbon or climate risk, but their capital is invested in solutions enabling the transition to a net-zero carbon economy. AAIM also select Specialist Asset Managers who invest in companies that produce goods and services which address the challenges of sustainability. Some of the sustainable themes we invest in includes sustainable transport, water management, resource efficiency, environmental services and cleaner energy.