Our Philosophy on Responsible Investment
We are a values-driven organisation with a strong belief in ethical business which means we consider social and environmental factors, alongside commercial factors, in all our investment decisions.
The science is clear that human-induced climate change is real. Tattarang accepts the scientific assessment of the Intergovernmental Panel on Climate Change (IPCC).
In the same spirit, Tattarang supports:
- The UN Framework Convention on Climate Change, the ultimate objective of which is to stabilise atmospheric greenhouse gas concentrations at a level that would prevent dangerous anthropogenic (human induced) interference with the climate system.
- The Paris Agreement, through which most governments of the world have committed to action that limits global temperature rises to well below 2 degrees C relative to pre-industrial levels, and to pursue efforts to limit the temperature increase to 1.5degrees C above pre-industrial levels.
The IPCC has identified 2020-2030 as the critical decade for action on greenhouse gas emissions. According to the World Meteorological Organization, the average global temperature has already risen by over 1 degree C since the pre-industrial era. This one degree difference has resulted in three coral bleaching events on the Great Barrier Reef in five years, underscoring the need to limit temperature rises to no more than 1.5 degrees. The scale and severity of bushfires in Australia over the summer of 2019-2020 was a clear example of how increased weather volatility due to climate change is already contributing to the intensity and scale of natural disasters.
The time to act is now. Collectively, we must act with all speed and determination to reduce emissions and create pathways to achieve a net-zero emissions global economy. Climate change is already exacerbating environmental degradation and as a society, we must also adapt to protect human health and threatened ecosystems through environmental conservation measures, including effective plastic waste management.
We must act immediately if we are to effectively adapt to the impacts of climate change and to achieve net-zero emissions well before 2050. If we do not act, we risk leaving enormous challenges, and terrestrial and marine ecosystem-wide destruction to our next generation. Tattarang accepts this call to action.
Tattarang has commenced an assessment to estimate the emissions from its investments, activities and operations. This will provide critical data upon which Tattarang can implement a range of actions including the development of science-based emissions reduction targets and emissions avoidance and mitigation projects.
Modern Slavery Statement 2023
Tattarang acknowledges the origins and purpose of Australia’s 2018 Modern Slavery Act and is strongly supportive of the role we must play in ending modern slavery in all of its forms.
We are committed to achieving the important objectives we set for ourselves in establishing an effective and robust modern slavery program at Tattarang and we are proud to make these significant commitments alongside the Australian and business community.
This publication is currently being assessed by the Attorney-General’s Department for approval and publication on the Modern Slavery Statements Register.
Code of Conduct
The Tattarang Code of Conduct is a set of guiding principles aligned to our Values and culture, and is a way we put our Values into practice. Our Code provides advice and guidance on how to conduct business ethically and in accordance with all applicable laws, regulations and policies.
Our Values of Empowerment and Courage and Determination mean we can all speak up if we think something isn’t right or needs a second opinion.
The Code applies to all those who contribute to the goals of the organisation, including employees, contractors, consultants, board members, volunteers, and temporary or casual workers to ensure the highest possible standards of respectful and ethical business conduct.
Supplier Code of Conduct
The Tattarang Supplier Code of Conduct outlines our expectations of suppliers and partners and their conduct regarding labour and human rights, workplace health and safety, environment protection and ethical practices.
We care deeply about these issues and this Code is one tool that we use to communicate our expectations, and assess our suppliers’ compliance.