MELIOR Reflect Reconciliation Action Plan

July 2021 - July 2022 Contents

2 Message from the CEO of Reconciliation

3 RAP Artist and Designer In the spirit of reconciliation, Melior acknowledges the Traditional Custodians 5 FOREWORD: of Country throughout Australia and their Message from our CEO connections to land, sea and community. 6 Our Business We pay our respects to their Elders past and present and extend that respect to 7 Our RAP all Aboriginal and Torres Strait Islander peoples today. 7 Our Partnerships & Current Activities We also accept the invitation in the Uluru Statement from the Heart to walk together with Aboriginal and Torres Strait 8 Relationships Islander peoples in a movement of the Australian people for a better future. 10 Respect

12 Opportunities

13 Governance RAP ARTIST & DESIGNER MESSAGE FROM THE CEO Amy Allerton Amy Allerton is the owner and of Reconciliation Australia founder of Indigico Creative and a contemporary Aboriginal artist. Descended from the Reconciliation Australia welcomes Melior to the Reconciliation Action Plan (RAP) and Bundjalung nations, she was born program with the formal endorsement of its inaugural Reflect RAP. and raised on Gamilaroi country in Tamworth NSW, where she is based Melior joins a network of more than 1,100 corporate, government, and not-for-profit with her husband, two children and organisations that have made a formal commitment to reconciliation through the RAP toy cavoodle. program. Amy has been providing graphic Since 2006, RAPs have provided a framework for organisations to leverage their design services Australia-wide since structures and diverse spheres of influence to support the national reconciliation 2014, collaborating with businesses and partnering with communities to movement. The program’s potential for impact is greater than ever, with over 2.3 creatively communicate the stories million people now working or studying in an organisation with a RAP. that bring us together. Amy is driven by her personal and professional The four RAP types — Reflect, Innovate, Stretch and Elevate — allow RAP partners vision that every story is given value to continuously develop and strengthen reconciliation commitments in new ways. and a voice, to revitalise communities, This Reflect RAP will lay the foundations, priming the workplace for future RAPs and reconnect to culture and restore reconciliation initiatives. identities to build a stronger future.

The RAP program’s strength is its framework of relationships, respect, and opportunities, A natural progression from designing RAP ARTWORK allowing an organisation to strategically set its reconciliation commitments in line with visual communications in the corporate its own business objectives, for the most effective outcomes. market, Amy applies her skills in “The Seeds of Change” tells the story digital illustration to deliver a modern of the interconnected past, present These outcomes contribute towards the five dimensions of reconciliation: race approach to Aboriginal storytelling. and future impact that we create Amy’s artworks are an extension from relations; equality and equity; institutional integrity; unity; and historical acceptance. when we collaborate with, and invest her journey of exploring her own in, people, place and culture. cultural identity, bringing her unique It is critical to not only uphold all five dimensions of reconciliation, but also increase ability to speak in colour and imagery It begins with the past, where like- awareness of Aboriginal and Torres Strait Islander cultures, histories, knowledge, and to create visual representations of the minded people join together with leadership across all sectors of Australian society. journeys and values of organisations a common purpose to create a and communities. better world through their decisions, This Reflect RAP enables Melior to deepen its understanding of its sphere of connections, integrity and resources. Here, the seeds of change are planted influence and the unique contribution it can make to lead progress across the five and watered in pursuit of the future dimensions. Getting these first steps right will ensure the sustainability of future vision. RAPs and reconciliation initiatives, and provide meaningful impact toward Australia’s reconciliation journey. The present shows the growth of the seeds of change, as they spread their Congratulations Melior, welcome to the RAP program, and I look forward to following roots and lay new seeds. The network of collaboration grows in size and your reconciliation journey in the years to come. diversity, reaching out and connecting with new communities and taking new opportunities to create change.

Karen Mundine The future has unlimited, far-reaching Chief Executive Officer potential, as influence and impact spreads out exponentially. Not only Reconciliation Australia do new connections, collaborations and yet-to-be-seen opportunities lay ahead, but an abundant harvest as we begin to see the positive social and environmental impacts of the first seeds.

2 MELIOR INVESTMENT MANAGEMENT REFLECT RAP 2021-2022 3 FOREWORD

Australia is a country of abundance and with our values of acting with integrity as investors we look for opportunities to and treating others with respect, all of us allocate our resources to create products at Melior are committed to play our part. and services which positively impact our community. This Reconciliation Action Plan outlines the tangible steps that we will take. However, we are acutely aware that Melior and our sister organisation, not everyone in our community shares Adamantem, have developed each of equally in our collective prosperity. our Reflect Reconciliation Action Plans At the heart of this inequality lies the collaboratively, and we will continue dispossession of Aboriginal and Torres to work together to guide their Strait Islander peoples as a consequence implementation within our organisations. of European settlement. We are early in our journey and look 250 years since a Guugu Yimihirr elder forward to walking with Aboriginal and presented a broken-tipped spear to Cook Torres Strait Islander peoples as we , the first act of reconciliation between deepen our understanding of the role we Aboriginal and Torres Strait Islander and can play, both individually and as a firm, non- Aboriginal and Torres Strait Islander to make reconciliation a reality. people, it is with great excitement that we present Melior’s first Reconciliation By delivering on the commitments set Action Plan. out in this Reconciliation Action Plan, we hope to work together with Aboriginal The active support of reconciliation by the and Torres Strait Islander peoples to MELIOR | business community is a critical element create an Australia which accepts and in creating a shared national identity that seeks to understand the past, reflects Latin: Better drives sustained equality and equity of our collective heritage and flourishes as opportunity for all Australians. Aligned a nation with a proud and shared identity.

Lucy Steed Rob Koczkar Chief Executive Officer Managing Director

Melior Investment Management Adamantem Capital

4 MELIOR INVESTMENT MANAGEMENT REFLECT RAP 2021-2022 5 OUR BUSINESS OUR RAP

Melior is an Australian impact investment manager. Melior recognises Aboriginal and Torres Strait Islander peoples as the Traditional Melior seeks to drive positive change by actively Owners and Custodians of this land. investing in listed Australian and New Zealand companies that generate competitive returns and We accept and seek to understand the wrongs done to Aboriginal and Torres Strait Islander peoples, raise awareness of our history and our national identity, reduce deliver a positive social or environmental impact prejudice and discrimination and acknowledge that all these issues are interrelated. aligned to the Sustainable Development Goals (SDGs). Melior feels compelled to take action to contribute to an Australia with strong bonds of trust, respect and understanding between Aboriginal and Torres Strait Islander Melior believes that Corporate Australia plays a critical peoples and other Australians, laying the foundations for a proud and shared national role in helping to contribute to solutions that support identity that drives sustained equality and equity of opportunity for all Australians. positive societal outcomes through the goods and services they produce and how they operate. Melior The development of this Reflect Reconciliation Action Plan is the first step in that actively engages listed companies’ management teams journey for us. Through this Reconciliation Action Plan we intend to create a workplace and Boards to use their resources to create positive culture of awareness and understanding of these issues, and to better understand societal impact. our spheres of influence and opportunities for creating meaningful and long-lasting relationships with Aboriginal and Torres Strait Islander individuals and organisations. One of Melior’s key strategic engagement focus areas is Reduced Inequalities (SDG10) and our team actively We have developed this Reflect Reconciliation Action Plan in collaboration with our advocates companies to adopt a Reconciliation Action affiliate organisation, Adamantem. Adamantem has, at the same time, developed Plan (RAP) as an important framework to foster their own Reflect Reconciliation Action Plan. Our organisations will continue to work reconciliation with First Nations Peoples. We track the together in the implementation of our respective Reconciliation Action Plans. We have number of companies that we invest in that have a RAP established a RAP Working Group with members of both Melior and Adamantem to and report on this key performance indicator (KPI) in guide this implementation. Our Senior RAP Champion is our Chief Executive Officer, our quarterly reporting to clients. Our RAP KPI is one Lucy Steed, who is responsible for driving internal engagement and awareness of this of 12 key Environmental Social Governance (ESG) KPIs Reconciliation Action Plan within Melior. that we track versus the ASX300 benchmark.

Our offices are located on the lands of the Gadigal people, in the heart of ’s financial district. We employee 6 OUR PARTNERSHIPS & people, with people often also working remotely as part of our commitment to provide an inclusive and flexible workplace. The majority of our remote working takes CURRENT ACTIVITIES place on the lands of the Gadigal, Cammeraygal and people. We currently do not directly employ Melior is early in the reconciliation process, but is currently engaged in activities any Aboriginal and/or Torres Strait Islander staff, but contributing to reconciliation at a number of levels: invest in a number of listed companies that do. • Performing an Acknowledgment of Country when we meet as a team or formally We are delighted to begin our reconciliation journey with members of the investment management community and our investee through adopting Melior’s own Reconciliation Action businesses Plan and committing to strengthen our understanding • A material proportion of our carbon offsets as part of our carbon neutral and bond with Aboriginal and Torres Strait Islander certification have been purchased from The Aboriginal Carbon Foundation peoples to help us and our portfolio companies • We endeavour to procure from Aboriginal and Torres Strait Islander contribute to closing the social gaps that exist today, businesses where possible enabling us to flourish as a nation. • As part of creating positive impact through advocacy, Melior advocates for publicly listed companies to improve disclosure and raise their ambitions on issues relevant to Aboriginal and Torres Strait Islander communities

6 MELIOR INVESTMENT MANAGEMENT REFLECT RAP 2021-2022 7 ACTION DELIVERABLE TIMELINE RESPONSIBILITY

Consider amending our responsible investing policy to include specific Melior Head acknowledgement of the UN February 2022 of Advocacy Declaration of the Rights of Strategy RELATIONSHIPS Indigenous Peoples.

Identify RAP and other like-minded RAP WG Chair, organisations that we could supported ACTION DELIVERABLE TIMELINE RESPONSIBILITY December 2021 by Melior approach to collaborate with on our representatives reconciliation journey. on the RAP WG 1. Establish Identify Aboriginal and Torres RAP WG Chair, supported and strengthen Strait Islander stakeholders and December 2021 by Melior Communicate Melior’s reconciliation mutually organisations within our local area representatives commitment and advocate for RAP Melior Head beneficial or sphere of influence. August 2021 of Advocacy on the RAP WG development amongst ASX publicly relationships Strategy listed companies. with Aboriginal and Torres Research best practice and Strait Islander principles that support partnerships Raise awareness, advocate and share Report on Melior Senior stakeholders with Aboriginal and Torres February 2022 information about developing and advocacy Analyst and Strait Islander stakeholders and implementing Reconciliation Action progress results Melior CEO organisations. organisations. Plans via engagements with ASX in 30 June 2022 publicly listed companies. Impact Report

Circulate Reconciliation Australia’s Melior Head of Publish endorsed RAP on websites. August 2021 NRW resources and reconciliation May 2022 Melior CEO Operations materials to our staff. 2. Build relationships Investigate supporting Aboriginal RAP Working Group members to through 27 May - 3 June and Torres Strait Islander participate in an external NRW RAP WG Chair celebrating 2022 organisations through our workplace March 2022 Melior CEO event. National giving and skilled volunteering Reconciliation programs. Encourage and support staff Week (NRW) and senior leaders to participate 27 May - 3 June Senior RAP Research best practice and policies in at least one external event to 2022 Champion Melior Senior in areas of race relations and anti- December 2021 recognise and celebrate NRW. Analyst discrimination. 4. Promote Communicate our commitment to Conduct a review of HR policies and August 2021 Melior CEO positive race reconciliation to all staff. procedures to identify existing anti- relations December 2021 Melior CEO 3. Promote discrimination provisions, and future through anti- reconciliation needs. through our RAP WG Chair, discrimination sphere of Identify external stakeholders that supported strategies. Review portfolio company Diversity influence. our organisation can engage with December 2021 by Melior & Inclusion policies for specific Melior Senior December 2021 on our reconciliation journey. representatives inclusion of Aboriginal and Torres Analyst on the RAP WG Strait Islander peoples.

8 MELIOR INVESTMENT MANAGEMENT REFLECT RAP 2021-2022 9 RESPECT

ACTION DELIVERABLE TIMELINE RESPONSIBILITY ACTION DELIVERABLE TIMELINE RESPONSIBILITY

Develop a business case for Increase staff’s understanding increasing understanding, value and of the purpose and significance recognition of Aboriginal and Torres Melior Senior behind cultural protocols, including March 2022 RAP WG Chair February 2022 Strait Islander cultures, histories, Analyst Acknowledgement of Country and 5. Increase knowledge and rights within our Welcome to Country protocols. understanding, organisation. value and recognition Include an Acknowledgement of of Aboriginal Country at the start of all Board September Senior RAP Conduct a review of cultural learning and Torres December 2021 Melior CEO meetings and other significant or 2021 Champion needs within our organisation. Strait Islander formal meetings. cultures, histories, All staff email sign offs to include knowledge Incorporate Aboriginal On- Country experiences into whole of Senior RAP an Acknowledgement of the local September and rights March 2022 RAP WG Chair organisation strategic planning and Champion Traditional Owners or Custodians of 2021 through cultural the lands and waters. learning. team building days.

Update website to acknowledge All staff to participate in at least one March 2022 Melior CEO the local Traditional Owners or August 2021 RAP WG Chair cultural awareness training activity. Custodians of the lands and waters.

Develop an understanding of Raise awareness and share the local Traditional Owners or information amongst our staff about June 2022 RAP WG Chair 6. Demonstrate Melior Head Custodians of the lands and waters 7. Build respect the meaning of NAIDOC Week. respect to October 2021 of Advocacy within our organisation’s operational Strategy for Aboriginal Aboriginal and area and our portfolio companies’ and Torres Strait Torres Strait Introduce our staff to NAIDOC Week operational areas. Islander cultures Islander peoples by promoting external events in our June 2022 RAP WG Chair and histories by observing local area. by celebrating cultural Display plaques in our office NAIDOC Week. protocols. acknowledging the local Traditional Melior Head of December 2021 RAP Working Group to participate in First week in Owners or Custodians of the lands Operations RAP WG Chair and waters. an external NAIDOC Week event. July 2021, 2022

10 MELIOR INVESTMENT MANAGEMENT REFLECT RAP 2021-2022 11 OPPORTUNITIES GOVERNANCE

ACTION DELIVERABLE TIMELINE RESPONSIBILITY ACTION DELIVERABLE TIMELINE RESPONSIBILITY

Develop a business case for Senior RAP Maintain our RAP WG to govern Aboriginal and Torres Strait Islander June 2022 July 2021 RAP WG Chair Champion RAP implementation. employment within our organisation. 11. Establish and 8. Improve Review Terms of Reference for the March maintain an effective Melior CEO employment Build understanding of current RWG. 2022 outcomes by Aboriginal and Torres Strait RAP Working Group (RWG) to drive increasing Aboriginal Islander staffing to inform future June 2022 Melior CEO RAP WG and Torres Strait employment and professional governance of the Establish Aboriginal and Torres Chair (with Islander recruitment, development opportunities. RAP. December the support Strait Islander representation on the retention and 2021 of Melior RWG. professional Develop an action plan for members on development. identifying opportunities to increase the RAP WG) March Aboriginal and Torres Strait Islander Melior CEO 2022 Define resource needs for RAP August economic participation in portfolio RAP WG Chair companies (eg Career Trackers). implementation. 2021

Develop a business case for 12. Provide Engage senior leaders in the August Senior RAP procurement from Aboriginal November Melior Senior appropriate support delivery of RAP commitments. 2021 Champion and Torres Strait Islander owned 2021 Analyst for effective businesses. implementation of RAP commitments. Define appropriate systems and August Melior Head of 9. Increase Aboriginal Investigate Supply Nation November Melior Head of capability to track, measure and 2021 Operations and Torres Strait membership. 2021 Operations report on RAP commitments. Islander supplier diversity to support Ensure that the suppliers of the 13. Build improved economic carbon offsets that we purchase and social outcomes. each year as part of our carbon accountability December neutral certification are suppliers Melior CEO and transparency 2021 Complete and submit the annual who provide social or economic through reporting RAP Impact Measurement 30 benefits to Aboriginal and Torres RAP achievements, September Melior CEO Questionnaire to Reconciliation 2021 Strait Islander communities. challenges and Australia. learnings both 10. Make our products Engage with Aboriginal and Torres internally and and services more Strait Islander organisations who externally. accessible for capital have the ability to invest funds to Melior Head investment from develop a strategy for how we could June 2022 of Advocacy 14. Continue our Register via Reconciliation Aboriginal and make our products and services Strategy reconciliation journey Australia’s website to begin March 2022 Melior CEO Torres Strait Islander more accessible for them to invest by developing our developing our next RAP. communities in. next RAP.

12 MELIOR INVESTMENT MANAGEMENT REFLECT RAP 2021-2022 13 For public enquiries about our RAP, contact:

Julia Bailey Head of Advocacy Strategy / Senior Analyst

Phone: 0420 213 316

Email: [email protected]

14 MELIOR INVESTMENT MANAGEMENT