AUSTRALIA - Australia's Media Super has agreed to adopt the United Nations Principles for Responsible Investment.
The superannuation fund, which caters to people in creative industries, said it believed companies which act in a responsible way will achieve better performance in the long-term, on a risk-adjusted basis.
The fund said it would incorporate environmental, social and governance issues (ESG) into its investment analysis, decision-making processes and ownership policies as well as practices.
"As superannuation is a long-term investment, the fund has agreed to adopt the United Nations Principles of Responsible Investment when considering financial investment decisions," it said in a statement.
"By signing up to these Principles, Media Super is agreeing to incorporate ESG issues into our investment analysis, decision making processes and ownership policies and practices," it said. "
"We will also seek appropriate disclosure on ESG issues by entities in which we invest, promote acceptance and implementation of the Principles within the investment industry and report our activity and progress towards implementing them."
AustralianSuper, CBUS, HESTA, LUCRF and HOSTPLUS super funds are also UN PRI signatories.
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