AUSTRALIA - Eight major institutional investors have become founder shareholders of Regnan, a specialist governance research and engagement service provider, that will track the environmental, social and governance (ESG) performance of companies.
Regnan's shareholders include some of the largest institutional investors in Australia such as superannuation funds HESTA, Vic Super, ARIA, and the Local Government Superannuation Scheme (LGSS).
It also includes Vanguard and the Victorian Funds Management Corporation (VFMC) as well as the UK based fund manager Hermes.
These shareholders hold AUS$50bn in Australian equities, which is equivalent to 12% of institutional investment in the Australian Stock Market (5% in total).
As well as engaging directly with companies, Regnan will draw on the research capabilities of Monash University’s Sustainable Enterprises for its ESG research, which has been analysing ESG risks at Australian companies and providing input for several years.
Commenting on the importance of Regnan, Paul Lee a director at Hermes, said: “Regnan’s research and engagement capabilities should enable the alignment of institutional investment practices with long-term investment performance.”
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