Colonial First State appoints ESG stewardship support
Colonial First State has appointed EOS at Federated Hermes, global stewardship provider, to provide engagement, voting and public policy support for its global equity investments.
The appointment meant EOS would provide ESG support to nine institutions in Australia, representing A$320.5 billion in assets under advice in the region.
Scott Tully, general manager investments, CFS said: “We believe that active ownership, including engagement with and voting on how a company operates its business, leads to better long-term returns for shareholders and hence our customers.
“We look forward to leveraging the knowledge and experience that EOS will bring to our engagement program across global markets and to expanding our advocacy efforts.”
Gary Horton, head of distribution - Australia and New Zealand at Federated Hermes, said: “We look forward to carrying out engagement activities globally on CFS’ behalf that enable it to be a more active owner of its assets, through our dialogue with companies it invests in on environmental, social and governance issues.
“We look to engage with companies where there is a meaningful issue to resolve and where there is the ability to enact change. Issues could range from diversity on boards or in executive teams, supply chain sustainability issues, or whether plans to address climate change and offset carbon emissions are sufficiently in place.”
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.