Vision Super is an Australian non-profit industry super fund founded in 1947. The Super Fund manages the pension of over 100,000 members and had AU$ 10 billion of assets under management as at June 30th, 2019.
Vision Super recognizes the importance of integrating sustainability and social responsibility into their investment decision-making. As such, ESG issues are integrated in their different strategies. Furthermore, the Super offers a Sustainable fund that invests in sustainability leaders while avoiding firms involved in controversial weapons. To do so, the Super invests in passive strategies that track low-carbon indexes. Furthermore, Vision Super engages collaboratively with its peers through initiatives such as Climate Action 100+.
IPE: Responsible investment (RI) surged in importance for all types and sizes of institutional investor around the world in the last year, a new survey has found, with the biggest gains in positive sentiment towards the approach recorded among respondents in the UK.
AB+F: Climate campaigners from the financial services industry and the big four banks are ramping up government lobbying. Members of the Australian Finance Initiative (ASFI) are putting the finishing touches to a lecture to be delivered in Canberra later this month. The organisation formed by 130 senior executives from major banks, super funds, insurance companies, academics and regulators is planning to launch a policy roadmap next year.
IPE: The gender pay gap in the UK investment management industry deteriorated from 2017 to 2018 in what was the second worst performance out of 22 business sectors analysed.
Institutional Investor: While many institutions are signing on to agreements to invest more sustainably, there is a discrepancy between the number of institutions signing these agreements and the capital invested in sustainable assets.
The Asset: While European institutions receive many plaudits for proactive initiatives in greening their economies, Asia will eventually be the home of the green financing revolution. The mature economies in Asia with their infrastructure well established are now weaning their populaces away from traditional sources of power such as coal, petroleum, natural gas, hydro, and nuclear power systems.
IPE: Swedish national pension fund AP2 has put “special measures” in place to monitor the external asset managers it uses for Chinese investments, because of the high risk of human rights abuses in China. The Gothenburg-based fund disclosed the approach in its first report about its work on human rights issues.
Citywire: Active asset management is facing serious headwinds and ESG is the best thing to have happened to the industry in decades.
IADB: The Inter-American Development Bank ("IDB") priced a new CAD600 million 5-year fixed rate l Sustainable Development Bond (“SDB”). This transaction represents the IDB’s inaugural SDB issuance, the proceeds of which will be directed to support sustainable development in IDB’s member countries aligned with the Bank’s strategic priorities to reduce poverty and inequalities in Latin America and the Caribbean by promoting economic and social development in a sustainable, climate friendly way.
Institutional Investor: A study has found ESG adoption is rapidly gaining traction among sovereign investors and Central Banks. It showed nearly two thirds (60 per cent) of sovereigns now incorporate a top-down ESG policy – up from 46 per cent in 2017.