REST joins anti-slavery coalition

13 April 2021
| By Laura Dew |
image
image
expand image

Industry superannuation fund REST has joined the Investors Against Slavery and Trafficking (IAST) APAC coalition in an effort to strengthen its commitment to responsible investing. 

The IAST urges companies to pursue action to combat modern slavery, human trafficking and labour exploitation in its supply chains.  

REST and 32 other institutional investors and super funds in Asia Pacific signed up to the coalition.  

REST chief investment officer, Andrew Lill, said: “Organisations of our scale and reach must proactively take steps that can reduce modern slavery and trafficking. We believe that being a responsible investor is critical to providing long-term returns to our members. What’s more, our members have told us they expect us to invest responsibly.  

“Addressing potential modern slavery exposures in your investments, operations and supply chain, and engaging with businesses to ensure they’re also taking similar action, is a core component of being a responsible investor.” 

The fund, which had $60 billion in assets, had also developed a modern slavery action plan and supplier code of conduct, and would be publishing efforts undertaken by the fund in this regard in the 2019/20 financial year.  

This included reviewing potential exposures within the REST investment portfolio including any risks associated with investment managers.  

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. ...

1 year ago
Kevin Gorman

Super director remuneration ...

1 year 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 ...

1 year ago

The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation ...

7 hours 59 minutes ago

Super funds had a “tremendous month” in November, according to new data....

4 days 7 hours ago

Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion....

4 days 12 hours ago