How IFM supports ESG implementation
Principles for Responsible InvestmentIFM is a signatory to the Principles for Responsible Investment (PRI). The PRI is an investor initiative in partnership with UNEP Finance Initiative and the UN Global Compact. It is based on a set of six principles that provide a framework for integrating ESG into the investment decision making process. Over 800 organisations globally, representing 23 trillion US dollars under management, have signed the PRI. As a fund manager owned by industry funds, over 88% of IFM's owners (by funds-under-management) are PRI signatories. Being a PRI signatory provides a natural alignment between our owners' interests and our investment policies and practices.
Australian Council of Super InvestorsIFM is represented on the Committee of Management of the Australian Council of Superannuation Investors (ACSI). ACSI was formed for the purpose of mutualising the cost of research on corporate governance for superannuation funds, and for providing a strong, collective voice to companies on key corporate governance issues. Our participation with ACSI helps us to collaborate with other superannuation funds and improve our effectiveness in implementing the PRI. ACSI represents the interests of over 40 not-for profit superannuation funds that manage over A$250 billion of Australian retirement savings. Through ACSI, IFM has a collective means to address ESG factors in proxy voting and engagement for Australian listed companies.
ESG Research AustraliaIFM is a member of ESG Research Australia (ESG RA), a non-profit forum with the objective of improving the quality and quantity of broker research on ESG. ESG RA has 42 institutional investors as members with A$450 billion in funds under management.
Climate ChangeIFM is a member of the Investor Group on Climate Change (IGCC). The IGCC represents institutional investors in Australia and New Zealand, with total funds under management of approximately A$500 billion. The IGCC also operates the CDP in Australia and New Zealand on behalf of its members and local CDP signatories. IGCC was formed for the purpose of mutualising the cost of investor relevant action on climate change and providing a strong, collective voice to companies, government and the broader investment community on climate change issues. We have participated with the IGCC in a number of international statements on climate change policy. Collaboration with the IIGCC, INCR and UNEPFI was a feature of these activities. Through IGCC we collaborate with other superannuation funds, fund managers, asset consultants, brokers and research providers and improve our effectiveness in implementing the PRI.
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