JBWere joins RIAA
JBWere has become a full member of the Responsible Investment Association Australasia (RIAA), the peak industry representing responsible, ethical and impact investors across Australia and New Zealand.
The firm’s chief investment officer, James Wright, said JBWere believed that integrating environmental, social and governance (ESG) factors into the investment research, analysis, selection and monitoring process would help drive better portfolio outcomes for clients over the long term.
“Responsible investments already account for more than half of all professionally managed assets in Australia, up from 16 per cent in 2014 and this will only continue to grow,” he said.
“ESG integration is about how effectively a company is being managed in the broadest sense – it is not a ‘values-based’ judgement on the nature of the activities the company undertakes. And it’s something more and more of our clients are interested in – they have a deep social conscience and want the right fit for their investments,”
RIAA encourages investment in sustainable assets and shaping responsible financial markets underpinned by strong returns.
It has over 220 members, which include superannuation funds, fund managers, consultants, researchers and community trusts that manager more than $9 trillion in assets.
AUTHOR
Oksana Patron
Recommended for you
Advice licensee WT Financial has announced a 50/50 joint venture with the Australian subsidiary of a US financial advice investor.
Wealth managers will need to reach aggressive short-term goals to grow their assets under management, according to Natixis Investment Managers, but Asia-Pacific has the lowest expectations on their future growth.
With a rising number of licensees opting for bespoke managed accounts, a panel of experts has shared what firms need to know before going down the custom route.
ASIC has banned a Queensland adviser from providing financial services for five years after failing to provide appropriate advice that was in the best interest of his clients.
