Martin Currie is excited to be recognised for a fourth 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 22nd 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 between the 1st of January 2022 to the 31st of December 2022.
The 2023 report has shown us that a record number of professional investment managers in Australia are now engaged in responsible investing using a rigorous, leading approach to responsible investment, and has hit a new record value of $3.3 trillion, or 93% of all professionally managed assets in Australia.
As norms-based screening continue to soar in popularity, increasing by 85%, responsible investment managers are responding quickly to new sustainability reporting and guidelines to take consideration of global norms, such as the Paris Agreement, the United Nations Declaration on the Rights of Indigenous Peoples and natural capital as a popular positive screening theme with focuses on biodiversity preservation and conservation.
With a new threshold designation for the annual report, Martin Currie is among the 54 investment managers awarded Responsible Investment Leader status, out of the universe of 272 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.
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, as investments into sustainability themes increase from 2022.
Reece Birtles, Chief Investment Officer for Martin Currie Australia, shares his thoughts on the recognition, “Achieving Responsible Investment Leader status for another year is testament to the efforts of the Australian and Global investment teams at Martin Currie, as we continue our goal of Investing to Improve Lives.”
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