Loftus Peak has been named a Responsible Investor by the Responsible Investment Association Australasia (RIAA) in its landmark 22nd annual study launched today.
This recognises our commitment to responsible investing and attributes as an investment manager. The Responsible Investment Benchmark Report 2023 study shows that the portion of Australian assets managed using a rigorous, leading approach to responsible investment reached 36% totalling $1.3 trillion in 2022.
Financial markets in Australia are fully embracing ESG and responsible investment. The report shows 93% of the professionally managed funds worth $3.3 trillion are managed by investors that have made public commitments to responsible investment, revealing a market in transition toward a new state of maturity, whereby only 36% or $1.3 trillion of these total assets are being managed in a way that can demonstrate a leading approach to responsible investment.
Global markets have moved rapidly to lift expected standards of practice in responsible investment in the last two years and Australia is no exception. A new threshold for Responsible Investment Leaders has led to 54 fund managers being named as Responsible Investment Leaders, and 23 fund managers awarded the new Responsible Investor designation by RIAA.
Overall, 77 fund managers have been able to attain the high standards of responsible investment against RIAA’s scorecard this year as compared to 74 in 2021.
Read the report here: https://responsibleinvestment.org/resources/benchmark-report/
More about the RIAA Responsible Investment Benchmark Report:
This is the 22nd annual Responsible Investment Benchmark Report prepared by the Responsible Investment Association Australasia (RIAA). The report details industry data on the size, growth, depth and performance of the Australian responsible investment market over 12 months to 31 December 2022 and compares these results with the broader Australian financial market.
The 2023 report has revealed many advances in responsible investment, with money flowing to outcomes for people and the planet as investments into sustainability themes increased substantially in 2022, reaching $235 billion (from $161 billion in 2021). Likewise, the impact investment sector nearly doubled from $30 billion in 2021 to $59 billion in 2022.
RIAA’s Benchmark Report is the most comprehensive review of the responsible investment sector in Australia, with the 2023 report reviewing the investment practices of 272 investment managers.
More about RIAA:
The Responsible Investment Association Australasia (RIAA) champions responsible investing and a sustainable financial system in Australia and New Zealand. RIAA is dedicated to ensuring capital is aligned with achieving a healthy society, environment and economy.
With over 500 members representing US$29 trillion in assets under management, RIAA is the largest and most active network of people and organisations engaged in responsible, ethical and impact investing across Australia and New Zealand. Our membership includes super funds, KiwiSaver providers, fund managers, banks, consultants, researchers, brokers, impact investors, property managers, trusts, foundations, faith-based groups, financial advisers and individuals.
RIAA achieves its mission through:
- Providing a strong voice for responsible investors in the region, including influencing policy and regulation to support long-term responsible investment and sustainable capital markets;
- Delivering tools for investors and consumers to better understand and navigate towards responsible investment products and advice, including running the world’s first and longest running fund Certification Program, and the online consumer tool Responsible Returns;
- Supporting continuous improvement in responsible investment practice among members and the broader industry through education, benchmarking and promotion of best practice and innovation;
- Acting as a hub for our members, the broader industry and stakeholders to build capacity, knowledge and collective impact; and
- Being a trusted source of information about responsible investment.
By joining RIAA, members of our organisation commit to support RIAA to deliver on the mission, beliefs and objectives of the Association as set out in RIAA’s Constitution and as operationalised in the RIAA FY22-24 Strategy.
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