POWERED BY MOMENTUM MEDIA
FSC releases ESG reporting guide
|
| John Brogden
|
Superannuation executives and regulators have urged the industry to increase its level of disclosure and governance, with the Financial Services Council (FSC) releasing a guide to environmental, social and governance policy (ESG) reporting at their annual conference.
The FSC ESG guide is an attempt to outline essential information and data that investors need to price and manage ESG risks. It was developed together with the Australian Council of Superannuation Investors (ACSI), in consultation with the wider industry.Thirty companies out of the ASX 200 list do not include ESG reporting for investors, while 76 companies only report basic ESG risks, ACSI chief executive Ann Byrne said.
There were too few companies reporting on ESG risk and too little information available for investors on the subject, FSC chief executive John Brogden said.
Knowing how much staff turnover there is at a company was an important issue for potential investors as company earnings and loss figures, Brogden said.
In an unrelated address to the conference, Australian Securities and Investments Commission chairman Greg Medcraft urged delegates at the conference to increase their level of disclosure to super fund members of portfolio asset allocations.
Investors are the ones with “skin in the game” so it was only logical that they should be able to see where their money was invested, Medcraft said.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
