Retirement
Rest's Sustainable Growth option achieves highest sustainability classification
Retirement
Rest's Sustainable Growth option achieves highest sustainability classification
Rest superannuation fund has achieved the highest sustainability classification for its Sustainable Growth investment option from the Responsible Investment Association Australasia.
Rest's Sustainable Growth option achieves highest sustainability classification
Rest superannuation fund has achieved the highest sustainability classification for its Sustainable Growth investment option from the Responsible Investment Association Australasia.
The Sustainable Growth option has received the 'Sustainable Plus' classification, which is the highest of three categories in RIAA's Sustainability Classifications Initiative.
The classification forms part of RIAA's existing Responsible Investment Certification Program and demonstrates that the investment option meets stringent responsible investment standards.
Rest General Manager, Responsible Investment & Sustainability, Leilani Weier, said the fund was proud to receive the classification.
"With around half of our members aged under 30 and decades from retirement, we are pleased to offer a choice investment option which meets RIAA's highest classification standard," she said.
"This is consistent with Rest's broader sustainability aspiration to support actions which help to build a better, fairer and more sustainable future."
Weier said Rest's responsible investment approach was important to members, with 94 per cent of surveyed members agreeing it was important the fund invest responsibly and ethically without impacting investment returns.
The Sustainable Growth option's investments in listed Australian and overseas shares target a weighted average carbon intensity that is at least 50 per cent lower than respective benchmarks.
"Further, Sustainable Growth's investments in listed Australian and Overseas shares (excluding private equity) target a weighted average carbon intensity (WACI) (measured in tonnes of carbon emissions (Scope 1 and Scope 2) per million dollars in sales in US dollars) that is at least 50% lower than their respective benchmarks, being the ASX300 and MSCI World ex Australia," Weier said.
RIAA Co-CEO Estelle Parker said the classification initiative aimed to help investors identify quality sustainable investment options.
"In today's market, the diversity of investment products can be overwhelming," she said.
"RIAA's Sustainability Classifications Initiative aims to differentiate products, enabling investors who prioritise sustainable and responsible investing to identify quality options underpinned by reliable, fit for purpose investment processes."
Parker congratulated Rest for achieving the Sustainability Plus classification.
Rest's Sustainable Growth option was first certified as a Responsible Investment Product under the RIAA Responsible Investment Certification Program in 2022.
Rest, established in 1988, is one of Australia's largest profit-to-member superannuation funds, with over 2 million members and over $93 billion in funds under management as at 31 March 2025.
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