POWERED BY MOMENTUM MEDIA
League tables could produce ESG ratings says Azer
The introduction of league tables detailing super fund holdings could cause the industry to adopt environmental, social and governance (ESG) ratings according to Marian Azer, head of global funds services product, J.P. Morgan, Investor Services Australia and New Zealand.
Look-through reporting of investments and granting public access to it will cause academics and government agencies to take a closer look at what some of Australia's superannuation funds are invested in, Azer said.
"As a result of all this new reporting and greater granularity and transparency at look-through level and security-level, when APRA [the Australian Prudential Regulation Authority] publishes these league tables and statistics you're going to get a whole bunch of academics and people looking at it and analysing it and that's where I think ESG issues will surface," she said.
"A lot of this data wasn't previously readily available to a member or to the public and what we're expecting or anticipating is a lot more debate around it."
Azer said although the whole process seemed arduous for super fund trustees, the proof was in the pudding.
"The question is, what's the next stage? What will this information be used for? I definitely think that (ESG) is in the future," she said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
ASFA has urged greater transparency and fairness in the way superannuation levies are set and spent.
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
5
Plato Global Alpha A
28.83 3 y p.a(%)
