RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Nonsense: Super funds shirking social issues are breaking law: ecoimpositionist, AusSuper chief Tue May 07, 2019 6:28 pm | |
| Superannuation funds failing to consider environmental, social and corporate governance risks when investing their members' retirement savings are in breach of their duties and therefore the law, says the head of Australia's biggest industry super fund.
AustralianSuper chief Ian Silk, who is also president of the Australian Council of Superannuation Investors (ACSI), says posting strong financial returns is no longer enough. He warns millions of Australians will lose out if companies and investors do not take into account sustainability and responsibility concerns linked to climate change, the roles companies play in communities, where and how they source their products and how they treat their workforces.
https://www.smh.com.au/business/companies/super-funds-shirking-social-issues-are-breaking-law-aussuper-chief-20190507-p51ktq.html |
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