AUSTRALIA- Australian superannuation fund UniSuper has joined ESG Research Australia (ESG RA), an initiative that encourages Australian pensions and fund managers to incorporate environmental, social and governance factors into portfolio construction.
ESG and related socially responsible investment (SRI) practices have fallen down the list of priorities by some money managers and pension funds as they focus on other investment issues related to the market downturn.
Some money managers have cut or reduced their SRI teams. JPMorgan closed its specific ESG service while Citigroup has made cuts to its team. (Global Pensions, 15 December 2008).
St. John said: "In this current volatile investment environment, some funds might be tempted to scale back their ESG activities. However, we remain committed to acknowledging and supporting the important role of ESG research."
The ESG RA was launched in February of this year by HESTA Super Fund and VicSuper, two other Australian schemes.
Professional Pensions is holding a breakfast briefing on engaging defined contribution (DC) members on 7 February.
Panellists at a PP webinar discuss October's High Court judgment on GMP equalisation, how schemes have responded, what their strategies should be, and how the industry can approach it.
Some investment consultants and fiduciary managers may be misrepresenting the conclusions of a major market competition review to clients, XPS Pensions says.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.