Environmental activist group Market Forces accused Australia’s 30 biggest superannuation funds of greenwashing while actually increasing their exposure to fossil fuel companies.
Research by the Responsible Investment Association Australasia shows that 17 per cent of Australians now hold responsible investments driven largely by Gen Xers and Millennials.
Influential investors say board directors need to think more like shareholders rather than just guns for hire,and think twice before pressing the button on dilutive capital equity raisings.
Despite government backlash against super funds overstepping their role,HESTA has written to companies pushing for lower emissions and more female leaders.
The CEO of US specialist fund manager Trillium,which Perpetual has just bought for $63.8 million,wants to embed strong environmental,social and governance principles across every portfolio of the historic investment house.
It is becoming increasingly clear that corporate heavyweights are changing their ways in order to protect profits and retain their social licences to operate.