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Investors back best-in-class ethical fund managers - Sydney Morning Herald

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Date: 2021-08-31 12:00:00

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Nicolette Boele, executive, policy and standards at the RIAA, says it is no longer good enough for managers to simply claim they are investing responsibly.

“This shift of capital is being fuelled by changing consumer expectations, strong financial performance and the rising materiality of different social and environmental issues – from climate change to racial inequity,” Boele says.

‘The shift of capital is fuelled by changing consumer expectations, financial performance and the rising materiality of ESG issues’

RIAA’s Nicolette Boele

The practice of “greenwashing”, where a fund pretends to be green, is the focus of a review by the Australian Securities and Investments Commission (ASIC).

The regulator says it is investigating whether the ethical investment options offered by managed and superannuation funds are as green or environmental, social and governance (ESG) focused as claimed.

Original Source: https://www.smh.com.au/business/banking-and-finance/investors-back-best-in-class-ethical-fund-managers-20210827-p58mft.html