FRIENDS of SLAP

16 July, 2016

Big business is finding being responsible is 'big business'

Investors are becoming more and more concerned
 about where their money is coming from.  
Being seen to be a responsible company has become big business, both financially and reputation-wise.

Last month the Australian Council of Superannuation Investors (ACSI) released a report revealing that 71 cents in every dollar invested in ASX200 stocks goes into companies shown as reporting on ESG [environmental, social and governance] to a "leading standard".

ACSI, whose members include super funds and asset managers that manage a combined $450 billion of 8 million members' retirement savings, has been reporting on environmental, social and corporate governance for nine years.

It is part of a growing push by the public to have greater access to what is going on inside companies.

Read Adele Ferguson’s story in today’s Melbourne Age - “Shades of grey in stand-off over super emissions.”

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