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Report reveals superficiality of ESG pledgesBY ELIZABETH MCARTHUR | TUESDAY, 9 JUN 2020 12:16PM
A new report has revealed a number of superannuation funds, including AustralianSuper, voted down shareholder resolutions on climate change despite signing up to the Investor Group on Climate Change.
Read more: AustralianSuper, Report, Investor Group, BT, ESG, BHP, First State Super, Adobe Systems, Andrew Grey, Asset Ownership Stewardship Code, Australian Centre for Corporate Responsibility, Cbus, Financial Services Council, Investment Association of Australia, Local Government Super, Media Super, MTAA Super, Paris Agreement, Russell Investments, Santos, TJX Companies, TWU Super, UniSuper, Woodside
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Report: Building stronger relationships with ESG investing
The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.
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