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Monday, 12 September 2022
 

Aware Super is proud to be recognised as a Responsible Investment Leader by the Responsible Investment Association of Australasia (RIAA) in their landmark annual study which found a record $1.54 trillion of Australian assets are now managed using a rigorous responsible investment approach – or 43% of the total market.

Aware Super’s Head of Responsible Investments, Liza McDonald, said as one of Australia’s leading super funds managing over $150 billion of its members’ retirement income, the certification endorsed the fund’s commitment to responsible investing.

“Aware Super recognises that in discharging our duty to safeguard the retirement income of our 1.1 million members, we must take a long-term approach to investing,” she said.

“The rigorous investment processes we adopt, where our responsible investing principles permeate all investment decisions, are fundamental to not only future proofing our assets but also help generate stronger returns to grow our members’ retirement income pool.”

The Responsible Investment Benchmark Report Australia 2022 researched in collaboration with EY, shows excellence in responsible investment materialises into substantial financial returns. In 2021, products certified under RIAA’s Responsible Investment Certification Program on average outperformed the market in the medium to long term, and over some time frames achieved two or three times the returns. 

The report also shows a record 45% of investment managers are holding companies to account on matters relating to environmental and social issues, and reporting back to investors on the outcomes achieved. This number has more than doubled in the past two years, with only 21% of investment managers engaging in such activity in 2019.

Aware Super joined a record 74 investment managers out of 140 which were identified as Responsible Investment Leaders, who explicitly and systematically consider ESG factors in the allocation of capital, and are decidedly transparent, reporting publicly not just on their activities to improve environmental and social sustainability, but also the outcomes they achieve.

Read the report here: https://responsibleinvestment.org/resources/benchmark-report/ 

For media enquiries, contact:

Sara Bradford, Senior Manager External Affairs

t:  0478405382

e: media@aware.com.au

Note to Editors

Previously known as First State Super, we changed our name to Aware Super in September 2020.

Aware Super is a name that reflects our members and what we stand for. It echoes the strengths of our past, aligning to our purpose to be a force for good in superannuation, retirement, and advice, driving better outcomes for our members, their families, and communities. 

Aware Super has been the fund for people who value community since 1992, and we’re now one of Australia’s largest funds and continuing to grow. We merged with VicSuper and WA Super in 2020 and now manage $155 billion in savings for more than 1 million members located across the country.

Our members work in roles that breathe life into their communities and they expect us to do the same. So, we invest in assets that we believe will make a positive difference today – improving our communities, building a more a sustainable economy and supporting employment both locally and globally at the same time as providing strong long-term returns. 

Discover how we’re helping members do well financially while doing good in the world: Visit aware.com.au.