Responsible investment approaches now influence most Australian superannuation funds’ strategic asset allocation decisions, according to a study by the Responsible Investment Association Australasia (RIAA).
For the first time, more than half (55%) of major super funds consider responsible investment “when allocation between different asset classes is rebalanced, to meet financial return targets, reflect risk tolerance and time horizon”. When the survey was last conducted in 2019, the figure was 39%.
The Responsible Investment Super Study 2021 assesses 53 asset owners, including Australia’s largest 48 superannuation funds and five institutions that pursue “underrepresented” responsible investment approaches or sectors.
Australian Ethical Super, AustralianSuper, Cbus, HESTA and UniSuper were among the 13 identified as leading responsible investment super funds for “demonstrating commitment to good governance and accountability; implementi…