TCorp joins ACSI

image
image
expand image

The New South Wales (NSW) Government financial and investment management provider, NSW Treasury Corporation (TCorp) is joining the Australian Council of Superannuation Investors (ACSI) as a new member.

TCorp would act as a diversifier in the membership base of ACSI to provide a collective industry voice on environmental, social, and governance (ESG) concerns within Australia’s profit-to-member super sector, according to TCorp senior manager, investment advisory and stewardship Kylie Willment.

 “We are committed to being an effective steward of the assets entrusted to us on behalf of the NSW Government family,” she said.

“Becoming a member of ACSI is an important milestone in the implementation of this policy and enables us to leverage the collective influence of the ACSI membership to improve the ESG practices of the companies to which TCorp’s clients have exposure.”

TCorp is responsible for the management of more than $80 billion on behalf of NSW public sector and relation agencies, state-owned corporations, and local councils.

ACSI chief executive, Louise Davidson said with the addition of TCorp to ACSI’s membership base, members now included both asset owners and institutional investors and held ownership over more than 11 per cent of all ASX200 companies.

“By harnessing our collective rights and interests and actively engaging with boards, we seek to influence the ESG performance of companies, with the aim of promoting long-term shareholder value and minimising risk,” she said.

“We look forward to working with TCorp to achieve our shared goals.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 4 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 4 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 5 hours ago