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NGS Super to launch socially responsible option
NGS Super will roll its green shares option into a socially responsible investment (SRI) option later this year.
Despite Super Ratings reports showing a move away from standalone SRI options towards environmental, social and governance (ESG) overlays, chief executive of NGS Super Anthony Rodwell-Ball said the investment options had been developed in response to member demand.
He said its current Green Shares option had a purely environmental focus whereas the SRI option would inject slightly more social and governance factors into investment decisions excluding tobacco, pornography and armaments.
Although members would gain access to an investment option that lent itself to ESG considerations, Rodwell-Ball said the fund’s portfolio was still managed responsibly.
He said NGS Super was the first institutional investor into Social Venture Australia’s social benefit bond, investing half a million dollars into providing preventative social security programs.
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