pri assessment results
The Principles for Responsible Investment (PRI) has given Active Super top marks (five stars) in seven categories in its PRI 2021 Assessment Report. The report assesses asset owners’ implementation of responsible investments across a range of asset classes in their investment portfolio.
The report allows asset owners who are signatories to the UNPRI principles (including many super funds) to track their responsible investment performance year-on-year and see how they compare against other asset owners on a local and global level.
These scores underline the importance of a comprehensive strategy and strong governance when it comes to responsible investment, as well as the benefits of active ownership in improving environmental, social and governance practices.
Active Super Summary scorecard
|MODULE||OUR SCORE||MEDIAN||STAR SCORE||COMMENTS|
|Investment & Stewardship Policy||90||60||4 star||Above median|
|Direct – Listed Equity Active Quant incorporation <10% of FUM||95||65||5 star||Above median
Incorporation means ESG integration
Relates to SRI Overlay
|Direct – Listed Equity Active Quant voting||89||61||4 star||Above median
Relates to voting
Relates to SRI Overlay
|Direct – Listed Equity
Active Fundamental voting
|89||54||4 star||Above median
Relates to our voting
|Direct – Listed Equity Passive – voting*< 10%||76||57||3 star||Above median
We don’t vote passive mandates
E.g. Wellington, Challenger, Delaware
|Direct - Real estate < 10%||98||69||5 star||Above median|
|Indirect – Listed Equity – Passive < 10% of FUM||94||57||5 star||Above median
Indirect means we employ fund managers
|Indirect – Listed Equity – Active||90||67||5 star||Above median|
|Indirect – Fixed Income - Active||90||43||4 star||Above median|
|Indirect – Private Equity < 10%||97||63||5 star||Above median|
|Indirect – Real Estate < 10%||90||71||5 star||Above median
Listed property trusts
|Indirect – Infrastructure < 10%||97||77||5 star||Above median|
|Indirect – Hedge funds < 10%||83||34||4 star||Above median|
*Passive Voting: We have passive mandates which we don’t vote but there are questions in the Survey which pertain to Voting. There was no category for Indirect Passive Voting so it has been amalgamated in one category.
The scoring system has changed from ‘A+’ ratings in 2020 to percentages & star ratings in 2021. This has been done to reflect greater differentiation between participants.
2020’s scores are therefore incomparable with this year’s scores.
Active Super has engaged Industry Fund Services Limited (ABN 54 007 016 195) (AFSL No 232514) (IFS) to facilitate the provision of financial advice to members of Active Super. Advice is provided by one of IFS’ financial planners who are Authorised Representatives of IFS. Fees may apply. Further information about the advice services that can be provided is set out in the relevant Financial Services Guide, a copy of which is available for download at www.activesuper.com.au or by calling 1300 547 873. IFS is responsible for any advice given to you by its Authorised Representatives.
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