In Australia’s $2.4 Trillion Pension Pot, It Pays to Be Good
- Funds with green attributes account for almost half of assets
- ESG-focused funds also outperformed peers over long term
This article is for subscribers only.
Responsible investing is paying dividends for Australia’s A$3.4 trillion ($2.4 trillion) pension pot.
Funds seen as sustainable leaders controlled 42% of the assets in the nation’s default savings plans last year, up from 28% in 2019, according to the Responsible Investment Association of Australasia. The 13 leading funds, which integrate ESG practices, are transparent and demonstrate a commitment to good governance and accountability, also outperformed rivals over three, five and seven years, the group said in a report Thursday.