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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.”
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