As a fundamental equity investor, Platinum’s investment approach is focused on identifying companies whose intrinsic value is under‑appreciated by the market due to temporary setbacks or irrational market sentiments. We invest with a long‑term outlook (typically five years or more). We believe that labour standards and environmental, social, ethical, and governance (“ESG”) considerations can impact on a company’s financial performance and prospects and, consequently, a company’s valuation.
Balancing today’s reality with tomorrow’s needs
Each of our funds, depending on their focus, will have varied degrees of carbon exposure. We believe in and support decarbonisation but note that this is a gradual process. Hence, for the moment, fossil fuels are not on our exclusions list.
Other Platinum Funds
Other Platinum Funds
Carbon Emissions Disclosure & Offset
Global Transition Fund
The world economy emits around 50 billion tonnes of CO2-equivalent greenhouse gases (“GHGs”) every year, of which 36 billion tonnes is derived from the burning of fossil fuels.1 It is now widely accepted that the increasing amount of GHGs in the atmosphere is warming our planet and the current level of emissions needs to reduce over the next two to three decades to stop global temperatures from rising to levels that may cause signiﬁcant disruptive climate change and economic damage. In order to achieve this, the world will need to transition away from fossil fuel-derived energy and goods production and consumption. This transition is what we consider to be the carbon transition.
The Platinum Global Transition Fund (Quoted Managed Hedge Fund) aims to provide capital growth over the long-term by investing in undervalued companies from around the world that are seeking to financially benefit from the transition away from fossil fuel-derived energy and goods production and consumption i.e. the carbon transition.
The Fund will tap into the opportunities for efficiency, innovation and growth created by the carbon transition, investing in areas such as*:
- Energy production and transmission.
- Energy storage.
- Energy efficiency.
- Scope 1, 2 and 32 emissions reduction.This may include companies that currently have material fossil fuels businesses who have made commitments to reduce their scope 1, 2 and 3 emissions.
- The circular economy3.
- Food production.
- Hydrocarbon substitutes.
- Materials, components and infrastructure used to enable the carbon transition.
*Risk warning: The Fund will not necessarily be invested in all of the above areas at any given time. By investing in companies involved in manufacturing or resource extraction, the portfolio will not by its nature be a low carbon emissions portfolio relative to the broader listed global equity market. New technologies and areas may emerge which seek to financially benefit from the carbon transition, over the next 20 years or so, which are not listed above. It is therefore not possible to exhaustively list all areas in which the Fund may invest.
1Source: IEA.org Global Energy Review: CO2 Emissions in 2021, UNEP-CCC Emissions Gap Report 2021.
2Scope 1 covers GHG emissions released to the atmosphere as a direct result of an activity or series of activities such as through manufacturing processes or production of electricity by burning coal. Scope 2 are the emissions released to the atmosphere from the indirect consumption of an energy commodity such as the use of electricity produced by the burning of coal in another facility. Scope 3 includes all GHG emissions that can occur as a consequence of an organisation’s activities (excluding Scope 2 emissions), but from sources not owned or controlled by the organisation. Examples include extraction and production of purchased materials, transportation of purchased fuels and use of sold products and services. Source: Australian Government Clean Energy Regulator.
3 The circular economy is a systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. Source: https://ellenmacarthurfoundation.org/topics/circular-economy-introduction/overview.
Platinum Global Transition Fund (Quoted Managed Hedge Fund)
ASX code: PGTX
Key Dates & Events*
29 Feb 2024Half-year results and interim dividend announcement
07 Mar 2024Ex-dividend Date for Interim Dividend
08 Mar 2024Record Date for Interim Dividend
22 Mar 2024Payment Date for Interim Dividend
28 Aug 2024Full-year results and final dividend announcement
05 Sep 2024Ex–dividend Date for Final Dividend
06 Sep 2024Record Date for Final Dividend
20 Sep 2024Payment Date for Final Dividend
02 Oct 2024Last day to receive director nominations
20 Nov 2024Annual General Meeting