RAM joins RIAA
Australian wealth asset manager, Real Asset Management (RAM), has joined the Responsible Investment Association Australasia (RIAA), a move which followed the firm’s recent appointment as a pay equity ambassador.
RAM Australia chief executive, Scott Kelly said becoming a part of the RIAA network was a natural outcome of the company’s mission and beliefs, which were based on a “desire to do the right thing generally and be a force for good”.
He said it would also enable better management of long-term investment risks and, most importantly, was in line with the firm’s investment activities which took into account the broader interests of stakeholders and the community.
“Good governance, social responsibility and sustainability are key pillars of our company’s culture. RAM recognises the importance of responsible investing, and we are committed to integrating ESG [environmental, social and governance] into our operations and investment strategies,” Kelly said.
“We believe that identifying and managing ESG factors helps to find new opportunities and steer capital towards more attractive areas.”
According to RIAA’s chief executive, Simon O’Connor, by joining the RIAA, RAM demonstrated its commitment to supporting mission, beliefs and objectives focused on aligning capital with achieving a healthy society, environment and economy.
AUTHOR
Oksana Patron
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
