Ethical Choices

At this stage, I would describe this blog as barely out of the bleeding chunks stage but, my future plans are to interview ethical companies like Simmonds Lumber Group to help you decide where to shop and where to invest (if you are brave enough to stick your toe back in…)

Ethical organisations interested in listing should apply to: keanesandi@gmail.com.  A small fee may be required in the future to help maintain the site.

Meanwhile, here’s the Morningstar list that divides the Top 200 ASX shares into Green (Positive), Yellow (Neutral), and Red (Excluded), kindly provided by Ethinvest Pty Ltd.

ASX Code Company Name Ethinvest Rating Discussion
AAC Australian Agricultural Co Red Environmental impact of grazing
AAD Ardent Leisure Yellow Early stages of incorporating sustainability across group
AAX Ausenco Red Exposure to coal fire power generation
ABC Adelaide Brighton Red Mining industry – environmental impacts
ABP Abacus Yellow Not involved in excluded activities
ABY Aditya Birla Min Red Copper exploration, mining
ACR Acrux Limited Green Socially positive benefits of healthcare
AEO Austereo Yellow Not involved in excluded activities
AFI Australian Foundation Investment Co. Red Australian LIC – No screening
AGK AGL Energy Red Part-ownership Loy Yang Coal Fired Power Station offsets sustainability initiatives
AGO Atlas Iron Red Mining industry – environmental impacts
AHD Amalgamated Holdings Yellow Entertainment and hospitality services
AIA Auckland Airport Red Air travel
AIO Asciano Yellow Rail and port infrastructure – lower carbon emissions than road and air transport but no SRI policies or commitments. Indirect services to mining
AIX Aust. Infrastructure Red Leverage to air travel
AIZ Air New Zealand Red Air travel
ALL Aristocrat Leisure Red Gambling technology
ALS Alesco Corp. Yellow Not involved in excluded activities
ALZ Australand Property Group Red Residential development – land subdivision – environmental impact
AMC Amcor Red Non sustainable resource use in packaging, profit from tobacco sales
AMM Amcom Telecommunications Yellow Telecommunications sector – socially positive but no sustainability initiatives
AMP AMP Limited Green Advocacy on Climate Change, leadership in SRI investment products
ANN Ansell Green Barrier protection products that enhance human health, education and health promotion
ANZ ANZ Bank Yellow Compliance rather than leadership in sustainability – association with Gunns
APA APA Group Green Natural gas is a transition fuel – less carbon intensive than coal
APN APN Yellow Not involved in excluded activities – queston mark on billboards environmental impact
AQA Aquila Resources Red Coal mining – negative environmental impact
AQP Aquarius Platinum Red Mining industry – environmental impacts
ARG Argo Investments Red Australian LIC – No screening
ARP ARB Corp Yellow 4WD parts, accessories – manufacture and distribution
ASB Austal Red Armed defence equipment outweighs ferries and other models
ASL Ausdrill Red Mining industry – environmental impacts
ASX ASX Green Contribution to efficient capital markets
AUN Austar Yellow Not involved in excluded activities
AWC Alumina Red Substantial demand for power – greenhouse impacts
AWE AWE Red Mining industry – environmental impacts
BBG Billabong Intl Green Proactive supply chain management – international labour issues
BEN Bendigo Adelaide Bnk Green Community banking model
BHP BHP Billiton Red Uranium, coal, oil
BKL Redmores Green Natural health products and solutions
BKN Bradken Red Specialist coal mining and power station technology a negative that offsets rail rolling stock
BKW Brickworks Red Mining activity – environmental impact – minimal SRI awareness demonstrated
BLD Boral Red Exposure to native forest logging – progress in sustainabilty management and reporting
BLY Boart Longyear Red Mining industry – environmental impacts
BOQ Bank of Queensland Green Regional bank with community based “owner managed” banking
BPT Beach Energy Red Oil
BSL BlueScope Steel Red Greenhouse gas intensity
BTT BT Investment Mgmt Yellow Not involved in excluded activities
BWP Bunnings Warehouse Prop Trust Yellow Not involved in excluded activities
BXB Brambles Green Use of recyled materials and CHEP recycling policy
CAB Cabcharge Yellow Greens are investigating their donations to the NSW Labor Party, nothing illegal but suspect
CBA Commonwealth Bank Yellow Compliance rather than leadership in sustainability
CCL Coca-Cola Amatil Red Junk food – negative human impact
CDD Cardno Green Engineering work and basic infrastructure in developed world – Aid work.
CDI Challenger Diversified Property Yellow Not involved in excluded activities
CER Centro Retail Yellow Not involved in excluded activities
CEU ConnectEast Red Promote the use of cars with nagative environmental impacts
CFX CFS Retail Property Trust Yellow Not involved in excluded activities
CGF Challenger Yellow Not involved in excluded activities
CHC Charter Hall Green Sustainability policies with targets and reporting to Board
CIF Challenger Infra. Yellow Compliance based approach to sustainability
CIL Centrebet International Red Direct involvement in gaming activities
CMJ Consolidated Media Holdings Yellow Not involved in excluded activities
CMW Cromwell Property Group Yellow Property trust. Only beginning to sonsider sustainability issues
CNP Centro Properties Yellow Not involved in excluded activities
COH Cochlear Green Research and medical technology improving quality of life
COU Count Financial Yellow Not involved in excluded activities
CPA Commonwealth Property Yellow Not involved in excluded activities
CPB Campbell Brothers Red Indirectly involved with mining industry – Uranium testing
CPU Computershare Green Share registry services – reduction of paper use.
CQO Charter Hall Office Green Significant sustainability initiatives
CQR Charter Hall Retail Yellow No exposure to excluded activities
CRG Crane Group Yellow Not involved in excluded activities
CRZ Carsales.com Yellow Not involved in excluded activities
CSL CSL Green Research and medical technology improving quality of life
CSR CSR Red Environmental damage – pollution of estuaries in Queensland sugar fields
CSV CSG Yellow Not involved in excluded activities – however the company is on watch because it provides IT services to the mining industry
CTN Contango Microcap Ltd Red LIC specialising in micro cap companies. Large exposure to the mining shares including coal.
CTX Caltex Red Greenhouse impacts – environmental damage
CUS Customers Yellow No exposure to excluded activities
CWN Crown Red Gambling – negative impact on human life – esp poker machines
DJS David Jones Yellow Not involved in excluded activities
DLX DuluxGroup Green Paint and building products. Active sustainibility profile.
DMP Domino’s Pizza Enterprises Green Takeaway pizza store chain. Programs established to reduce environmental impact. Nutritional initiatives.
DOW Downer EDI Yellow Not involved in excluded activities
DTE Dart Energy Red Exposure to coal seam methane
DUE DUET Red Environmental impacts – coal fired power
DWS DWS Advanced Business Solutions Yellow No exposure to excluded activities
DXS Dexus Property Green Property developer – leadership in sustainiblity initiatives
EGP Echo Entertainment Red Casino business split out from TAH. Gambling negative social impacts
EHL Emeco Holdings Red Mining industry – environmental impacts
ELD Elders Red Environmental negatives from ag-chemical sales and live animal exports
ENV Envestra Green Natural gas pipelines – transition fuel
EQN Equinox Minerals Red Mining industry – environmental impacts
ERA Energy Resources Red Mining industry, Uranium exposure – environmental impacts
EXS Exco Resources Red Copper and gold mining.
EXT Extract Resources Red Mining industry, Uranium exposure – environmental impacts
FBU Fletcher Building Yellow A range of environmental initiatives but could do more to offset GHG in Cement manufacture
FGE Forge Group Red Engineering, construction & maintenance work (Oil, LNG, mining & infrastructure)
FGL Foster’s Red Alcohol
FKP FKP Yellow Not involved in excluded activities – some positive environmental initiatives – but also land subdivision and development in coastal areas
FLT Flight Centre Red Air travel – greenhouse
FMG Fortescue Metals Red Mining industry – environmental impacts
FPA Fisher & Paykel Appl Yellow A range of environmental initiatives but no sustainability report, published targets or verification
FPH Fisher & Paykel Hlth Green Socially postive benefits of healthcare
FWD Fleetwood Corp. Yellow No exposure to excluded activities
FXJ Fairfax Media Yellow No exposure to excluded activities
FXL FlexiGroup Ltd Yellow Vendor/Point of Sale financing services. No exposure to excluded activities
GBG Gindalbie Metals Ltd Red Mining industry – environmental impacts
GCL Gloucester Coal Red Mining industry, Coal exposure – environmental impacts
GDY Geodynamics Green Development of renewable energy technologies
GFF Goodman Fielder Yellow No exposure to excluded activities
GMG Goodman Gp Yellow No exposure to excluded activities
GNC Graincorp Yellow Compliance based approach to SRI issues – sustainability concerns from water use and environmental impact
GNS Gunns Red Native forest logging
GPT GPT Group Green Leadership in sustainable development in property sector – watch on development jv with BNB
GUD GUD Holdings Yellow No exposure to excluded activities
GWA GWA Group Green Sustainability policies with targets and reporting to Board
HDF Hastings Diversified Utilities Green Natural gas pipeline, water infrastructure
HFA HFA Holdings Yellow Investment services – no exposure to excluded activities
HGG Henderson Group Yellow Funds management – no exposure to excluded activities
HHL Hunter Hall Int. Green Pioneering ethical fund manager
HHV Hunter Hall Global Value Green Environmentally screened LIC
HIL Hills Holdings Yellow No exposure to excluded activities
HST Hastie Group Yellow Increasing focus on sustainability issues – on UPGRADE WATCH
HVN Harvey Norman Yellow No exposure to excluded activities
IAG Insurance Aust. Grp. Green Advocacy on Climate Change, Health and Safety, Business Roundtable on Climate Change
IFL IOOF Yellow No exposure to excluded activities
IFN Infigen Energy Green Wind energy Portfolio
IGO Independence Group Red Mining industry – environmental impacts
IIN iiNET Green No exposure to excluded activities – and introdution of sustainibility practices
ILU Iluka Resources Red Mining industry – environmental impacts
IOF Investa Office Fund Green Sustainability initiatives in portfolio
IPL Incitec Pivot Red Chemical fertilisers – environmental impact
IRE Iress Market Tech. Yellow Services reduce paper and enhance efficiency but no explicit commitment to SRI principles nor sustainability initiatives
ISF Isoft Group Green Socially positive benefits of healthcare
IVC InvoCare Yellow No exposure to excluded activities
JBH JB Hi-Fi Yellow No exposure to excluded activities
JHX James Hardie Red Negative impact on people
KCN Kingsgate Consol. Red Gold mining – cyanide and heavy metals risk
KMD Kathmandu Holdings Yellow No sustainability initiatives
KZL Kagara Red Mining industry – environmental impacts
LEI Leighton Red World’s largest contract miner
LEP ALE Property Red Gambling – negative impact on human life – esp poker machines
LLC Lend Lease Group Green Sustainability initiatives and comminity consultation in development, BUT defence force housing contracts growing rapidly
MAH Macmahon Holdings Red Contract company to the mining sector with direct exposure to excluded activities
MAP MAP Group Red Air travel
MBN Mirabela Nickel Red Mining industry – environmental impacts
MCC Macarthur Coal Red Mining industry – environmental impacts
MCE Matrix Composites & Engineering Red Manufacturer of specialised products & service provider to the offshore mining(oil, LNG), sub sea & defence industries)
MCR Mincor Resources Red Mining industry – environmental impacts
MFF Magellan Flagship Fund Yellow Australian based, global LIC.
MGR Mirvac Group Green Property development with a commitment to sustainability initiatives – Banksia award winner
MGX Mount Gibson Iron Red Mining industry
MIN Mineral Resources Red Mining industry – environmental impacts
MLT Milton Corporation Red Australian LIC – No screening
MMS McMillan Shakespeare Yellow Provider of independent salary packaging services. No demonstratable sustainability or ethical practices.
MMX Murchison Metals Red Mining industry – environmental impacts
MND Monadelphous Red Mining industry – environmental impacts
MQG Macquarie Group Red Profit from management of trusts with negative environmental impacts
MRE Minara Resources Red Mining industry – tailings dumped at sea
MRM Mermaid Marine Australia Yellow Marine services to the oil and gas industry – no direct exposure to excluded activities
MSB Mesoblast Green Medical research – biological therapies
MTS Metcash Yellow No exposure to exlcuded activities
MTU M2 Telecommunications Group Yellow No sustainability initiatives
MYR Myer Holdings Yellow No exposure to excluded activities
NAB National Aust. Bank Yellow Not involved in excluded activities
NCM Newcrest Mining Red Mining industry – environmental impacts
NFK Norfolk Group Yellow No sustainability initiatives
NHC New Hope Red Mining industry – environmental impacts
NPX Nuplex Industries Red Red rating due to exposure to toxins and petro chemicals
NUF Nufarm Red Environmental impact – pesticides
NVT Navitas Green University Pathways education provider Negative Watch – ACL residential care of students
NWH NRW Holdings Red Direct exposure to drilling and blasting and tailings management at mines
NWS News Corp Red Socially negative outcomes from pro-Iraq war stance and reporting bias, reluctance to criticise Chinese human rights abuses
NZO NZ Oil & Gas Red Mining industry – environmental impacts
OKN Oakton Yellow No sustainability initiatives
OMH OM Holdings Red Mining industry – environmental impacts
ORG Origin Energy Red Operator of Eraring Coal Fired Power Station and development of CSM assets offsets sustainability initiatives
ORI Orica Red Mining industry – environmental impacts
ORL OrotonGroup Yellow No sustainability initiatives
OSH Oil Search Red Mining industry – environmental impacts
OST OneSteel Red Greenhouse gas intensity
OZL Oz Minerals Red Mining industry – environmental impacts
PAN Panoramic Resources Red Mining industry – environmental impacts
PBG Pacific Brands Yellow No exposure to excluded activities
PDN Paladin Energy Red Mining industry, Uranium exposure – environmental impacts
PEM Perilya Red Mining industry – environmental impacts
PFL Patties Foods Yellow No exposure to excluded activities
PMC Platinum Capital Ltd Red Global LIC – No screening
PMV Premier Investments Yellow Apparel retailer – no sustainability initiatives
PNA PanAust Yellow Zero Harm mining – independendently verified sustainability reports – concerns about tailings issues
PPC Peet Green Strong commitment to sustainability initiatives in development projects, HIA Greensmart Leader
PPT Perpetual Yellow No exposure to excluded activities
PPX PaperlinX Red Non-plantation native forest logging
PRG Programmed Maint. Red Direct exposure to Coal and Oil
PRY Primary Health Care Green Socially positive benefits of healthcare
PTM Platinum Asset Mgmt Yellow Carbon neutral but no screens on portfolios
QAN Qantas Airways Red Air travel – environmental impacts
QBE QBE Yellow Transparency. No screens on investment portfolios
QRN QR National Red Transport services – large exposure to the mining industry (coal especially)
QUB Qube Logistics Yellow Stevedoring services – some coal and minerals – but specialist areas tend to be cars, grains and other bulk items
RDF Redflex Holdings Green Green – socially positive speed and redlight cameras
REA REA Group Yellow No exposure to excluded activities
REX Regional Express Red Fuel consumption and GHG intensity
RFG Retail Food Group Red Red rating given due to food brand franchise range including significant amount of junk food items
RHC Ramsay Health Care Green Medical services improving quality of life
RIO Rio Tinto Red Mining industry – environmental impacts
RIV Riversdale Mining Red Mining industry – environmental impacts
RKN Reckon Yellow No sustainability initiatives
RMD ResMed Green Research and medical technology improving quality of life
ROC Roc Oil Red Mining industry – environmental impacts
SAI SAI Global Yellow Compliance services – no exposure to excluded activities
SDM Sedgman Red Direct exposure to coal
SEK Seek Green Proactive community service through Seek Volunteer not-for-profit activities improving quality of life
SFH Specialty Fashion Yellow No exposure to excluded activities
SFR Sandfire Resources Red Mining industry – environmental impacts
SGM Sims Metal Management Green World’s leading materials recycler
SGP Stockland Red Property development – environmental damage
SGT Singapore Telecommunications Green Telecommunications with a range of community and sustainability initiatives (Optus)
SHL Sonic Healthcare Green Socially positive benefits of healthcare
SIP Sigma Pharma. Green Generic drug manufacture a social benefit
SKC Sky City Red Direct involvement in gaming activities
SKE Skilled Green Human services, focus on safety, rail a key business area
SKI Spark Infrastructure Yellow No exposure to excluded activities
SKT Sky Network TV Yellow No exposure to excluded activities
SMX SMS Management & Tech Yellow Management consulting – no sustainability initiaitves
SOL Washington H. Soul Pat Red Direct exposure to coal industry
SPL Starpharma Green Healthcare innovation (some animal testing)
SPN SP AusNet Yellow No exposure to excluded activities
SPT Spotless Group Yellow No exposure to excluded activities
SRX Sirtex Medical Green Innovative liver cancer therapies
STO Santos Red Mining industry – environmental impacts
SUL Super Retail Group Green Retail with wide range of sustainability initiatives including packaging, recycling, reducing waste, water and power usage
SUN Suncorp Group Green Sustainability initiatives (property portfolio), screened investment funds
SVW Seven Group Red Direct exposure to coal through Westrac
SWM Seven West Media Yellow Television, print, web. No exposure to excluded activities
SXL Southern Cross Media Yellow Media – no sustainability initiatives, minimal community initiatives
TAH Tabcorp Red Direct involvement in gaming activities
TAL Tower Australia Grp. Yellow Insurance & investment provider – no sustainability initiatives
TCL Transurban Group Red Experience suggests many ethical investors do not support toll roads as they encourage more use of cars
TEL Telecom NZ Green Technology that promotes communication and reduces the need to travel. Community relations in NZ
TEN Ten Network Yellow No exposure to excluded activities
TGA Thorn Group Yellow Consumer lease finance – no sustainability initiatives
TLS Telstra Green No exposure to excluded activities, positive social contribution
TNE Technology One Yellow IT and consulting – no sustainability initiatives
TOL Toll Holdings Red Greenhouse intensity of road and air transport
TPI Transpacific Ind. Green Recycling and waste management outweights heavy vehicle division
TPM TPG Telecom Yellow Telecommunications sector socially positive but no sustainability initiatives
TRG Treasury Group Yellow No exposure to excluded activities
TRS Reject Shop Yellow Discount retailer – no sustainability initiatives
TRU Trust Company Green Green rating as operations provide direct benefits to human society
TSE Transfield Services Red Coal fired power stations and defence contracts – but SRI reporting is detailed
TSI Transfield Infrastructure Fund Red Coal fired power stations in the portfolio
TTS Tatts Group Red Gambling
TWE Treasury Wine Estate Red Demerged Wine arm from Forsters. Alcohol.
TWR Tower Yellow No exposure to excluded activities
UGL UGL Red Positives include water and wastewater management, gas and hydro power, balanced by defense infrastructure contracts
VBA Virgin Blue Red Air travel – environmental impacts GHG intensity
VPG Valad Property Yellow No exposure to excluded activities
WAM Wilson Asset Management Capital Yellow Australian listed investment company
WAN West Australian News Yellow No exposure to excluded activities
WBC Westpac Green Leadership in sustainability practice and advocacy – member of Business Panel on Climate Change
WDC Westfield Yellow No exposure to excluded activities
WDS WDS Red Direct exposure to Coal Mining (some environmental positives too)
WES Wesfarmers Red Investment in coal mining
WHC Yellowhaven Coal Red Coal mining – negative environmental impact
WHS The Warehouse Group Yellow No exposure to excluded activities
WOR WorleyParsons Red Uranium mining
WOW Woolworths Red Alcohol, tobacco and gaming
WPL Woodside Petroleum Red Mining industry – environmental impacts
WRT Westfield Retail Trust Yellow No exposure to excluded activities
WSA Western Areas Red Mining industry – environmental impacts
WTF Wotif.com Holdings Yellow No exposure to excluded activities
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