Martin Currie is excited to be recognised for a third consecutive year as a “Responsible Investment Leader” in the Responsible Investment Association Australasia (RIAA) annual Responsible Investment Benchmark Report.
The Benchmark Report is the most comprehensive review of the responsible investment sector in Australia, and this is the 21st annual report prepared by RIAA. The report details industry data on the size, growth, depth, and performance of the Australian responsible investment market, and compares these results with the broader Australian financial market.
The 2022 report shows that the number of Australian assets managed using a rigorous, leading approach to responsible investment has hit a record value of A$1.5 trillion, now accounting for 43% of the total market of A$3.6 trillion.
Martin Currie is among the 74 investment managers awarded Responsible Investment Leader status, out of the universe of 140 investment managers who self-declared as practicing responsible investment. Responsible Investment Leaders are those that achieved a score of ≥75% (at least 15 out of 20) on RIAA’s Responsible Investment Scorecard.
According to RIAA, Responsible Investment Leaders demonstrate strong governance by publishing responsible investing policies and processes and inviting stakeholders to hold them to account for their performance against targets which they set and report against. A key aspect of this strong governance is transparency, and Responsible Investment Leaders are expected to fully disclose holdings across all portfolios they manage on behalf of their clients.
The findings of RIAA’s research evidence further maturation and growth of Australia’s responsible investment sector, reflecting the determination by investors (such as Martin Currie) to understand what they must do to thrive and position themselves as leaders in a new era of responsible investment.
Reece Birtles, Chief Investment Officer for Martin Currie Australia, said, “Achieving Responsible Investment Leader status is testament to the efforts of the Australian and Global investment teams in Investing to Improve Lives.”