INVESTMENTS – MORAL AND ETHICAL ASPECTS – AUSTRALIA

ESG investment pioneer calls for ban on labels

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Original article by Joanne Tran
The Australian Financial Review – Page: 29 : 21-Nov-23

Managed funds with an environmental, social and governance focus have attracted growing scrutiny from investors and regulators in 2023. Nanuk Asset Management’s chief investment officer Thomas King contends that criticism of ESG funds and issues such as their performance has validity. King also believes that the ESG label has been overused and it should be banned; he says the acronym is confusing and ESG scores are "distracting nonsense", and that plain language should be used to describe what managed funds are doing.

CORPORATES
NANUK ASSET MANAGEMENT PTY LTD

Ethical funds make most of mining’s woes

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Original article by Sally Rose
The Australian Financial Review – Page: 19 : 18-Mar-15

Data from Mercer shows that Australian fund managers with a focus on socially responsible investing achieved a return of 13 per cent in the three months to 28 February 2015. Such funds also delivered a return of 17.3 per cent year-on-year. The Integrity Tailored ESG Fund topped the performance table for the quarter, while the Warakirri Charitable Australian Equities Fund boasted the best return over 12 months

CORPORATES
MERCER INVESTMENTS PTY LTD, INTEGRITY INVESTMENT MANAGEMENT AUSTRALIA LIMITED, WARAKIRRI ASSET MANAGEMENT PTY LTD, BENNELONG FUNDS MANAGEMENT PTY LTD, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, DALTON NICOL REID PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, LEND LEASE GROUP LIMITED – ASX LLC, RESMED INCORPORATED – ASX RMD, REGIS HEALTHCARE LIMITED – ASX REG, SONIC HEALTHCARE LIMITED – ASX SHL, ESTIA HEALTH LIMITED – ASX EHE

Socially responsible investing demands rigour, says adviser

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Original article by Jemima Whyte
The Australian Financial Review – Page: 12 : 30-Oct-14

The socially responsible investment industry in Australia is less mature than the same sector in the US. Alexandra P Cart, co-founder of US impact investment advisory firm Madeira Capital, says more accountability is needed in the sector. Metrics must also be improved. Impact investing recently attracted public attention after the Australian National University opted for the removal of several mining companies from its investment fund

CORPORATES
MADEIRA GLOBAL LLC, JP MORGAN AUSTRALIA LIMITED, AUSTRALIAN NATIONAL UNIVERSITY, PHILANTHROPY AUSTRALIA, OIL SEARCH LIMITED – ASX OSH, SANTOS LIMITED – ASX STO

Sandfire wins recast of ‘incorrect’ profile

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Original article by Sarah-Jane Tasker
The Australian – Page: 20 : 17-Oct-14

The Australian National University (ANU) recently announced that it would divest the shares of seven resources groups, after concerns about them were raised by adviser Centre for Australian Ethical Research (CAER). Among those affected was Sandfire Resources, but CAER has now said it will edit its assessment of the miner after talks with MD Karl Simich. He says his business has been unfairly tarnished by being included on the list despite factual inaccuracies in CAER’s report. Simich stresses that he backs ANU’s right in principle to make its own investment decisions

CORPORATES
SANDFIRE RESOURCES NL – ASX SFR, CENTRE FOR AUSTRALIAN ETHICAL RESEARCH PTY LTD, AUSTRALIAN NATIONAL UNIVERSITY