POWERED BY MOMENTUM MEDIA
TCorp joins ACSI
The New South Wales (NSW) Government financial and investment management provider, NSW Treasury Corporation (TCorp) is joining the Australian Council of Superannuation Investors (ACSI) as a new member.
TCorp would act as a diversifier in the membership base of ACSI to provide a collective industry voice on environmental, social, and governance (ESG) concerns within Australia’s profit-to-member super sector, according to TCorp senior manager, investment advisory and stewardship Kylie Willment.
“We are committed to being an effective steward of the assets entrusted to us on behalf of the NSW Government family,” she said.
“Becoming a member of ACSI is an important milestone in the implementation of this policy and enables us to leverage the collective influence of the ACSI membership to improve the ESG practices of the companies to which TCorp’s clients have exposure.”
TCorp is responsible for the management of more than $80 billion on behalf of NSW public sector and relation agencies, state-owned corporations, and local councils.
ACSI chief executive, Louise Davidson said with the addition of TCorp to ACSI’s membership base, members now included both asset owners and institutional investors and held ownership over more than 11 per cent of all ASX200 companies.
“By harnessing our collective rights and interests and actively engaging with boards, we seek to influence the ESG performance of companies, with the aim of promoting long-term shareholder value and minimising risk,” she said.
“We look forward to working with TCorp to achieve our shared goals.”
AUTHOR
Hope William-Smith
Hope is a journalist with Super Review. She has previously worked across a range of business and lifestyle titles. Hope has a degree in International Relations and joined the Super Review team after completing a Masters in Law, Media and Journalism.
Recommended for you
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment