Future Fund's head of environmental, social and governance (ESG) risk management, Gordon Hagart will take over at the Australian Council of Superannuation Investors (ACSI) following Ann Byrne's retirement at the end of October after five years in the role.
Hagart has led the ESG risk management program within Future Fund and has also worked with the United Nations environment program in Geneva playing a key role in the development of the Principles of Responsible Investment (PRI).
"Australia has a world-class pension system, and has become a centre of excellence in integrating ESG issues into investment decision-making and the exercise of ownership rights. ACSI and its members have been in the vanguard of those developments." Hagart said.
As Australia gears up for the May budget, Treasurer Jim Chalmers has shed light on the significant global economic challenges that are shaping the nation’s fiscal decisions.
The Reserve Bank of Australia has held rates in its March meeting, but for the first time in a while, economists rejoiced in a perceived “dovish” tone from the bank.
The central bank has announced its second interest rate decision since a major revamp.
The central bank has announced its first interest rate decision since a major revamp, which will see the board meet eight times a year instead of the original 11.
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