Victoria-based public offer industry fund VicSuper has earned itself a further sustainable investment accolade, being named “best sustainability” reporter by the Association of Chartered Certified Accountants as part of their Australia and New Zealand Awards for Sustainability Reporting.
Announcing the receipt of the award, VicSuper chief executive Bob Welsh said the fund had competed against 38 other organisations, including water corporations and large listed corporations such as BHP Billiton, IAG and Orica.
“We are delighted to be recognised for our efforts in increasing the transparency of superannuation funds and organisations generally,” he said. “As a small organisation, we don’t have significant budgets or resources, so to win against such a high calibre field is fantastic.”
Welsh said the introduction of sustainability reporting at VicSuper three years ago had resulted in a sharpened focus and even higher quality standards for the organisation.
He said VicSuper remained the only superannuation fund producing a sustainability report — something he would like to see other funds embrace.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
Super balances have continued to rise in August, with research showing Australian funds have maintained strong momentum, delivering steady gains for members.
Australian Retirement Trust and State Street Investment Management have entered a partnership to deliver global investment insights and practice strategies to Australian advisers.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.