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TelstraSuper joins RIAA
TelstraSuper has joined the Responsible Investment Association of Australasia (RIAA).
Through its membership, the $24 billion fund would become part of a group of responsible investors and participate in working groups that aim to shape and promote best practice in responsible investing.
The fund said it already adopted an active stewardship approach and had voted at over 2,000 listed company meetings globally in the past 12 months on matters including remuneration, environmental strategy and corporate governance.
David Humphreys, head of sustainable investment, said: “TelstraSuper is proud to be part of a group that is a leader in responsible investing. Super is a long-term investment, so it makes sense for TelstraSuper to play our part in promoting a sustainable financial system.
“Looking at all aspects of an investment allows us to identify potential value risks and opportunities that arise from ESG factors.
“Incorporating ESG factors into investment decision making is part of good risk management and making better investment decisions. We have a preference for investments with positive ESG credentials provided there is no compromise on expected risk-adjusted returns.”
Other super members of RIAA included Active Super, State Super, NGS Super and Future Super.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
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