Sustainable Investing - Milford Asset

Sustainable Investing

At Milford, we consider ourselves owners of much more than a company’s financial statements. We are investors in the management, the buildings, the employees, the culture and the brand. To make the right investment decision, we must consider the whole.

Learn more

Sustainable investing
for the future.

Active shareholder engagement
to drive positive change.

Sustainable investing

The Milford investment team have always looked for the best companies. It is clear to us the best companies are those committed to sustainable practices and are the businesses that, over time, will deliver better operational outcomes, stronger financial performance and ultimately, higher shareholder returns.

If we decide a company is not operating in a sustainable way, we affect positive change by engaging with management and holding boards to account. By using our influence as active managers to improve the sustainability of the business model, we know we are also increasing a company’s potential to achieve long-term financial success.

As a public demonstration of our commitment to responsible investing, Milford became both a signatory to the United Nations Principles for Responsible Investment (UNPRI) and a member of the Responsible Investment Association Australasia (RIAA), in February 2018.

In 2020, Milford was awarded an A rating* by UNPRI and recognised for strong engagement with policymakers and regulators.

Investment exclusions

Across all Milford funds we will not directly invest in companies that are directly involved in the following activities:

  • the manufacture of cluster munitions
  • the manufacture or testing of nuclear explosive devices (NEDs)
  • the manufacture of anti-personnel mines
  • the manufacture of tobacco
  • the processing of whale meat
  • recreational cannabis, and
  • the manufacture of civilian automatic and semi-automatic firearms, magazines or parts

Click here to view our current Exclusion List.

To the extent it is feasible and commercially prudent, we will avoid indirect investment in companies on the Exclusion List (i.e. through ETFs or other collective investment vehicles). These types of investments are assessed on a case-by-case basis by our portfolio managers and any potential for indirect exposure is carefully considered and factored into investment selection.

Actions we take


To make the right investment decision, there is much we need to know beyond the profit a company will generate this year or next. Our investment team conduct proprietary, detailed research to understand the long-term sustainability of earnings and the risk profile of a security. Evaluating a business’ exposure to climate change and social harm, and how these risks are being managed, is critical to this comprehensive analysis.


As a partial owner of the companies we invest in, we engage with companies regarding important ESG issues.

Proxy Voting

We are an advocate for strong corporate governance, shareholder rights, and transparency. We endeavour to exercise our proxy voting rights wherever possible and in a manner which reflects an understanding of the environmental, social and governance impact of our investee companies.

For more information on our approach to responsible investing, you can download our Sustainable Investment Policy.

Latest market updates


Fund performance