Australian Ethical Investment is a pioneer in ethical funds management. It uses a positive screening process to identify potential investments. This means that while it avoids investment in damaging areas such as the mining of uranium, old growth forest logging, and weapons manufacture, it also actively seeks out positive investment in areas such as renewable energy, recycling, alternate transport and education. Australian Ethical has shown that ethical investment can provide financial reward by winning the prestigious Standard and Poor's 2005 Fund Manager Award in the Balanced Fund - Neutral category. This award was made for consistent high performance over three years.