Connected to community
Corporate citizenship encompasses our corporate and personal behaviour and ethics and our wider interactions within the community.
We have enshrined expectations for the fund and for its employees in wide-ranging corporate governance policies that including our Human Resources Policy and our Code of Conduct.
This policies are regularly reviewed to ensure they meet with modern community expectations. Most recently, we made significant changes to our Human Resources Policy to include:
- Continued payment of Superannuation Guarantee (SG) contributions through periods of paid and unpaid leave for employees taking extended breaks for following the birth of a child. This extends our campaign to address the gender savings gap by moving the dial for women to our internal policy.
- The addition of 5 days leave to help employees who are victims of domestic violence attend to matters such as finding accommodation or legal consultations. This also added provisions specifically sanctioning employees who may be perpetrators of domestic violence.
We believe that corporate citizenship requires transparency. Over recent years, we have gone beyond the minimum requirements to disclose our beliefs, governance practices, and financial performance to members and the wider community, including:
- Substantially upgraded Annual Report with increased disclosure
- Executive remuneration published at the individual level on this website
- Published online summaries of our major policies
- Development and publication of our Corporate Social Responsibility (CSR) Policy
Our approach to supporting community identifies opportunities to address specific needs and, in particular, those of our own member and employer community.
Inspiring Young People - We have supported this Baw Baw Latrobe Local Learning and Employment network (BBLLLEN)'s program for more than a decade. It promotes mentoring of marginalised youth in the Gippsland region.
Flying Robots Project - A unique project to promote the take-up of science, technology, engineering and mathematics (STEM) learning by young people.
Our fiduciary responsibility is to protect and enhance the value of our investments over the long-term with the ultimate aim of providing sustainable income for our members in retirement. We believe the assessment of ESG factors is an integral part of fundamental stock research and that a significant amount of a company’s value comes from intangible drivers, such as corporate culture, relationships with suppliers and customers.
We deal with this in more detail on our Environment Social Governance page.