Orca Funds Management have a dedicated policy that sets out the framework for incorporating environmental, social and governance (ESG) principles into our investment decision-making and ownership practices.

As signatories to the United Nations Principles for Responsible Investment (UNPRI) through its parent entity, Orca is committed to the UNPRI guiding principles for responsible investment.

These principles have guided the formulation of Orca’s policy and processes and include:

incorporating ESG issues into investment analysis and decision-making
company stewardship and active ownership
investment community engagement
disclosure and transparency
continuous monitoring and improvement

Investment exclusions

Orca will not invest in any business that derives a material* portion of their revenues from one or more of the following industries/activities.


Companies engaged predominantly in the growing of tobacco or production of tobacco products.


Companies engaged predominantly in the production of controversial weapons.

Fossil fuels

Companies engaged in the extraction and production of coal, oil and natural gas or in electricity generation from coalfired power stations.

ESG integration

Orca utilises quantitative mechanisms by which ESG considerations influence stock selection via a two-tiered system:

  1. Each holding is scored according to Orca’s proprietary ESG rating model. All securities must meet a minimum ‘investment grade’ ESG rating (BBB or above).
  2. The ESG rating of a security is a primary input into the Orca risk/reward framework utilised in portfolio construction.

ESG reporting

As a signatory of UN PRI, Orca makes a commitment to report publicly on progress of incorporation of ESG principles into investment management practices. Orca will report and make publicly available to investors several ESG-related metrics, including the outcome of proxy voting practices, aggregate portfolio performance and other ad-hoc ESG related matters pertinent to each of the individual strategies.

* Orca defines material as >20% of consolidated revenue derived from such activities.

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