NAB Asset Servicing has launched an environmental, social, and governance (ESG) insight reporting service for its clients.
NAB said it took ESG issues very seriously and the service would further support their clients with additional reporting on their investment portfolios.
NAB general manager, products for asset servicing, Allyson Bradnam said: ""Increasingly, this kind of reporting is more and more valuable to super funds and investment managers as the community becomes more interested in sustainability".
"This is just another way we are continuing to work to support our clients and provide them with a holistic, market-leading service," she said.
The service allows clients to monitor carbon emissions, as well as other metrics including bribery events, board independency, board diversity, and greenhouse gas reduction targets.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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