POWERED BY MOMENTUM MEDIA
League tables could produce ESG ratings says Azer
The introduction of league tables detailing super fund holdings could cause the industry to adopt environmental, social and governance (ESG) ratings according to Marian Azer, head of global funds services product, J.P. Morgan, Investor Services Australia and New Zealand.
Look-through reporting of investments and granting public access to it will cause academics and government agencies to take a closer look at what some of Australia's superannuation funds are invested in, Azer said.
"As a result of all this new reporting and greater granularity and transparency at look-through level and security-level, when APRA [the Australian Prudential Regulation Authority] publishes these league tables and statistics you're going to get a whole bunch of academics and people looking at it and analysing it and that's where I think ESG issues will surface," she said.
"A lot of this data wasn't previously readily available to a member or to the public and what we're expecting or anticipating is a lot more debate around it."
Azer said although the whole process seemed arduous for super fund trustees, the proof was in the pudding.
"The question is, what's the next stage? What will this information be used for? I definitely think that (ESG) is in the future," she said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.63 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
32.16 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
5
Plato Global Alpha A
27.76 3 y p.a(%)
