Australian Ethical is one of two retail superannuation funds and one of 12 funds overall that have been ranked as a comprehensive responsible investor by the Responsible Investment Association Australasia (RIAA).
Australian Ethical managing director, Phil Vernon, said there was increasing demand among working Australians for super products that aligned with their values.
"This benchmarking report provides objective information for people looking to choose a fund, and also makes it clear to the superannuation industry what best practice looks like," Vernon said.
"It is pleasing to see 12 funds ranked as comprehensive responsible investors, though this survey calls out that many super funds have a long way to go.
"With over $1.7 trillion invested into superannuation in Australia, super funds are in a powerful position to support positive social and environmental outcomes, in a way that aligns with the values and expectations of their members."
The benchmark represented the ability to demonstrate its responsible approach across the five pillars of commitment, governance, implementation, measurement, and transparency.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
Add new comment