Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Retirement

How responsible is your super?

By Lucy Dean · June 04 2018
Reading:
egg
egg
egg
Question marks
How responsible is your super?

How responsible is your super?

author image
By Lucy Dean · June 04 2018
Reading:
egg
egg
egg
Question marks

Australia’s peak responsible investment association has published its list of the 13 leading super funds. Does yours make the cut?

According to the Responsible Investment Association of Australia (RIAA), Australians are increasingly concerned with the environmental, social and governance (ESG) qualifications of their super funds, with nine in 10 savers expecting their super to be invested responsibly.

Its latest study, the Super Fund Responsible Investment Benchmark Report 2018 found that seven in 10 would prefer to invest in a responsible super fund and four in five would think about moving their superannuation to a fund that aligned with their beliefs.

“If the superannuation industry is to realise its potential for fuelling a productive, prosperous and healthy future for Australians, it needs to be one that embeds ESG considerations alongside traditional financial factors, avoids contributing to harmful activities and backs the building of tomorrow’s businesses, industries and communities,” RIAA said.

However, in order to do so, it said super funds need to commit to responsible investment strategies.

Advertisement
Advertisement

With this in mind, it highlighted the 13 leading super funds, based on their approaches to the RIAA’s five-pillar framework. The pillars include governance and accountability, responsible investment commitment, responsible investment implementation, measurement and outcomes, and transparency and responsiveness.  

In order to make the cut, funds had to disclose comprehensive responsible investment data across at least four of the pillars.

Fund Fund type
Australian Ethical Retail
AustralianSuper Industry
Cbus Industry
Christian Super Industry
First State Super Public/nonregulated
Future Fund Public Sector
HESTA Industry

Local Government Super

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article
author image

About the author

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Copyright © 2019 MOMENTUM MEDIA