Eight superannuation funds have been identified as ‘responsible investment leaders’ by a leading organisation.
According to the latest benchmark report from the Responsible Investment Institute of Australasia (RIAA), responsible investment leaders were those which scored 15 out of 20 on the RIAA’s scorecard.
This included commitment to responsible investing, enhancing risk management through explicit and systematic consideration of environmental, social and governance (ESG) factors, being strong stewards for more resilient and sustainable assets and allocating capital to benefit shareholders.
Currently, around 27% (54 firms) of Australia’s investment managers were responsible investment leaders.
In the super space, the most responsible super funds were:
The report highlighted there had been numerous actions in the super space to help responsible investments, which included:
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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