[GRTV] RI practice now ingrained but greenwashing a major concern says RIAA
Use of responsible investment approaches are now considered baseline good practice among fund managers although greenwashing fears are growing, according to the Responsible Investment Association of Australasia.
RIAA’s co-ceo Dean Hegarty told GRTV the organisation’s latest benchmark report shows 56% of funds under management are now subject to an RI approach.
“It's really underpinned by those baseline ESG integration and stewardship and negative screening being used right across the portfolios of most of the investment managers who are operating in the market, as baseline good investment practice,” he says.
Greenwashing concerns are top of mind for fund managers, Hegarty told GRTV, having grown significantly in the past 12 months, amid examples of punitive action in other countries.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
