Active Super’s commitment to responsible investment recognised by RIAA 

Sydney, 1 September 2021: Active Super has been included as a Responsible Investment Leader by the Responsible Investment Association Australasia (RIAA) in a landmark study. This recognises Active Super’s commitment to responsible investing and attributes as an investment manager.

The Responsible Investment Benchmark Report Australia 2021 shows the market for responsible investments in Australia has continued to increase in popularity to $1.2 trillion in 2020, with responsible investment assets growing at 15 times the rate that overall Australian professionally managed investments have grown.

Craig Turnbull, Active Super Chief Investment Officer, said: “Active Super is very proud to be recognised for our commitment to responsible investment. We have benefited from many good investments that have not only produced high returns, but have also helped to reduce portfolio ESG risk, such as climate change risk.”

Moya Yip, Active Super Head of Responsible Investment, said: “Active Super is a pioneer in responsible investing in Australia and began this journey 20 years ago when we became Australia’s first super fund to stop investing in tobacco.  We are further encouraged to see that the inflow of investment dollars into responsible investment has grown significantly in the past two years.”

The RIAA report, researched in collaboration with KPMG, shows that the Australian responsible investment market reached new highs in 2020, increasing to $1,281 billion in 2020 from $983 billion in 2019. 

Additionally, the proportion of responsible investment AUM to total managed funds grew from 31 percent to 40 percent in 2020, despite there only being a 2 percent increase in all professional managed funds in Australia over the same period.

RIAA said this shift was being fueled by changing consumer expectations, strong financial performance and the rising materiality of different social and environmental issues - from climate change to racial inequity.

“Investment managers committed to responsible investment and leading practice are seeing money moving across into their funds, while those with ineffective policies and poor processes are being left behind as the capital moves out,” RIAA said. 

The report shows that just one quarter of investment managers in Australia are practising a leading approach to responsible investment, highlighting a continuing gap between investment managers that claim to be practising responsible investing and those that can demonstrate they are. 

Read the report here

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