As environmental, social and governance (ESG) research becomes more mainstream, researchers are branching out to cover more than just issues surrounding the environment.
At the ESG Research Australia’s awards ceremony, judges noticed the nominated ESG research covered a broader range of issues and looked at more of the social and governance parts of the ESG spectrum.
Other comments noted that while it was challenging to integrate such research into stock evaluations and macro strategy, the days of “merely ticking a few ESG boxes are clearly long gone”.
Chair of ESG Research Australia, Rob Fowler, said the need to objectively define what factors were material and how they could measurably affect investment performance had been an ongoing issue in the development of ESG research.
“In this year’s awards, it is clear that we are getting closer to research that has relevance to investment outcomes and can be applied and assessed in the same manner as other considerations that analysts look at in coming to their decisions,” he said.
The winner of the best piece of ESG research by an analyst or team went to Goldman Sach’s Hamish Tadgell and Jien Goh, while best ESG broking firm went to Citi for the second year in a row.
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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