Benchmarking superannuation funds' sustainability performanceBY RACHEL ALEMBAKIS | FRIDAY, 1 JUL 2011 7:05AMMuch work is being performed around the world and in Australia by investors, collaborate bodies and financial services firms to seek frameworks with commonly accepted metrics to benchmark companies' sustainability performances with the ultimate goal of using the data to mitigate ESG risks and push for improved management of those factors by companies. But even as the pressure rises on companies to disclose how they manage ESG risks, reporting of how asset managers and asset owners like superannuation funds use this information to achieve stated sustainability goals is voluntary and non-standard, leading to questions of how clients and superannuation fund members can benchmark how their managers perform when it comes to managing the long term risks that come with ESG. Related News |
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