Faking it: only half of ethical funds managers meet best practice

Funds not meeting ethical standards should be careful they don't find trouble with regulators. (Photo: Markus Spiske on Unsplash)

Dan Brunskill

Wed, 08 Sep 2021

Responsible investment assets have grown at twice the rate of managed funds overall, a report has found, but not all are meeting the highest standard.A study by the Responsible Investment Association Australasia (RIAA) has found 43% of managed funds operate in line with “leading practice responsible investment”.These investors managed $142 billion in 2020, up 28% from $111 billion in the year prior, while total funds under management industry wide grew by just 11%.While most mainstream investors “claim to be responsibly invest...

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Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am

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