POWERED BY MOMENTUM MEDIA
TelstraSuper joins RIAA
TelstraSuper has joined the Responsible Investment Association of Australasia (RIAA).
Through its membership, the $24 billion fund would become part of a group of responsible investors and participate in working groups that aim to shape and promote best practice in responsible investing.
The fund said it already adopted an active stewardship approach and had voted at over 2,000 listed company meetings globally in the past 12 months on matters including remuneration, environmental strategy and corporate governance.
David Humphreys, head of sustainable investment, said: “TelstraSuper is proud to be part of a group that is a leader in responsible investing. Super is a long-term investment, so it makes sense for TelstraSuper to play our part in promoting a sustainable financial system.
“Looking at all aspects of an investment allows us to identify potential value risks and opportunities that arise from ESG factors.
“Incorporating ESG factors into investment decision making is part of good risk management and making better investment decisions. We have a preference for investments with positive ESG credentials provided there is no compromise on expected risk-adjusted returns.”
Other super members of RIAA included Active Super, State Super, NGS Super and Future Super.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Stockspot is aiming to launch the Australia-first vehicle in the coming months.
Natalie Kelly has been appointed permanently to the role following an extensive selection process.
Wayne Byres is the newest addition to the market operator’s leadership team as part of its ongoing board renewal initiative.
The $7 billion fund has hired a new chief executive to succeed Lachlan Baird, who departed the fund in December last year after 18 years.
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
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
Add new comment