Labour standards and environmental, social and ethical considerations
7.9.14C Labour standards and environmental, social and ethical considerations
For paragraph 1013D(4)(c) of the Act, the more detailed information to be included in a Product Disclosure Statement about the extent to which labour standards or environmental, social or ethical considerations are taken into account in the selection, retention or realisation of an investment is:
a statement that the product issuer does, or does not, take into account labour standards for the purpose of selecting, retaining or realising the investment; and
a statement that the product issuer does, or does not, take into account environmental, social or ethical considerations for the purpose of selecting, retaining or realising the investment; and
if the Product Disclosure Statement includes a statement that the product issuer does take into account labour standards for the purpose of selecting, retaining or realising the investment—a statement outlining:
the standards that the product issuer considers to be labour standards for that purpose; and
the extent to which the product issuer takes those standards into account in the selection, retention or realisation of the investment; and
if the Product Disclosure Statement includes a statement that the product issuer does take into account environmental, social or ethical considerations for the purpose of selecting, retaining or realising the investment—a statement outlining:
the considerations that the product issuer regards as environmental, social or ethical considerations for that purpose; and
the extent to which the product issuer takes those considerations into account in the selection, retention or realisation of the investment.
This Act’s bill:Explanatory statement
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