FTSE Russell expands ESG analysis to small caps
Global index and data provider, FTSE Russell, has announced that it has expanded its environmental, social and governance (ESG) data analysis to include small cap companies, a move which will see around 250 Australian listed companies be added to its ESG coverage.
Although Australia was one of the countries that recently deepened its commitment to integrating ESG into its investment practice, it turned out that some smaller Australian firms still lagged behind in terms of their understanding of the ESG needs of investors.
As a result, these companies had limited disclosure practices compared to their larger peers, the firm said.
“We are pleased to expand our coverage in the Australian market where sustainable investment is a priority for many customers,” FTSE Russell’s head of sustainable investment, David Harris, said.
“By providing access to detailed, structured and transparent information on the ESG priorities and performance of Australian companies it will help support investor stewardship and ESG integration into active and passive strategies.”
AUTHOR
Oksana Patron
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.
