Australian Ethical Superannuation Fund has scored a double by picking up back-to-back Infinity Awards at the Conference of Major Superannuation Funds.
The Infinity Award, presented by Sydney-based ratings house SuperRatings, recognises the fund as Australia's most environmentally and socially conscious fund.
Commenting on the award, Australian Ethical chief executive Anne O'Donnell said it recognised the fund's long-term commitment to sustainability and its significant experience in the area.
She said Australians would be selling themselves short if they invested in pale-green funds.
"If people want to invest in a truly sustainable way, they should put their superannuation in a fund that specialises in these industries, not the super manager who treats sustainable investment like an add-on investment option," O'Donnell said.
Limited exposure to fossil fuel companies has positively impacted the performance of Australian Ethical’s balanced and growth funds, the super fund says.
The major bank has announced that real-time super payments will soon be available to all QuickSuper employers ahead of the looming payday super regime.
AMP Limited has reported its first positive quarterly net cash flows in superannuation and investments since 2017, marking a key milestone in the business’s ongoing turnaround strategy.
The Your Future, Your Super scheme and RG 97 may be directing capital away from more productive uses and discouraging active investment strategies, says the independent MP.