As part of our commitment to stewardship practices, we are actively involved in a number of industry associations or initiatives relating to responsible investment. Pendal is a signatory to, member of, or participant in:
The Principles for Responsible Investment (PRI)
The United Nations-supported PRI is the world’s leading proponent of responsible investment. It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.
Pendal Australia, J O Hambro Capital Management and Regnan are all signatories to the PRI.
Responsible Investment Association Australasia (RIAA)
RIAA, an industry body representing responsible and ethical investors across Australia and New Zealand, works to promote a more responsible approach to investment and encourage more people to actively choose a responsible and ethical option for their savings and investments.
Pendal Group is an active member of RIAA, in addition to being an active participant in RIAA’s human rights and corporate engagement working groups and is represented on the RIAA board via Regnan.
RIAA also has a long-standing Responsible Investment Certification Program to certify those responsible or ethical products, which meet its high standards. All of Pendal Group’s dedicated responsible investment funds offered in Australia have received certification.
Investor Group on Climate Change (IGCC)
IGCC is a collaboration of Australian and New Zealand investors focusing on the impact that climate change has on the financial value of investments. IGCC aims to encourage government policies and investment practices that address the risks and opportunities of climate change, for the ultimate benefit of superannuants and unit holders.
Pendal Group is a founding member of IGCC (BT Financial Group) and is currently represented on the management committee.
Climate Action 100+
Climate Action 100+ works to ensure the world’s largest corporate greenhouse gas emitters take necessary action to limit warming in line with the goals of the Paris Agreement, as well as provide greater disclosure of the climate risks they face.
Pendal Group is a proud signatory and investor participant.
Task Force on Climate-related Financial Disclosures (TCFD)
The G20-affiliated Financial Stability Board established the TCFD to develop recommendations for more effective climate-related disclosures to support more informed decision making for companies and investors alike, as well as enabling stakeholders to better understand the financial system’s exposure to climate-related risks. The TCFD recommendations have become a key voluntary disclosure framework globally.
Pendal Group is a formal supporter of the TCFD.
Australian Sustainable Finance Initiative (ASFI)
ASFI is a collaborative effort among Australian financial sector participants to develop a roadmap, recommending pathways, policies and frameworks, to enable the sector to contribute more systematically to the transition to a more resilient and sustainable economy.
Pendal Group is represented by appointees to the ASFI steering committee and one of the four technical working groups.
Financial Services Council
The Financial Services Council (FSC) is a leading peak body which sets mandatory standards and develops policy for Australia’s financial services sector.
Pendal Group is a member of the FSC and is an active participant on the ESG Working Group.
Investment Association (UK)
The Investment Association is the UK’s peak body for the investment management industry, representing the industry’s interests to policymakers and regulators in the UK and EU.
J O Hambro Capital Management is a member.
Banking + Finance Oath
The Banking and Finance Oath is an independent organisation with a purpose to improve the ethical standards of the banking and financial services sector through the implementation of an Oath. By taking the Oath, individuals working in this sector commit to adopting set of principles focused on ethical conduct in their work.
Pendal Group is represented on the Board of the Banking and Finance Oath.
Australian Advisory Board on Impact Investing
The Australian Advisory Board on Impact Investing provides leadership and strategy to accelerate growth of the impact investment market operating in and from Australia. As Australia’s representative body on the Global Steering Group for Impact Investing, it works with National Advisory Boards from 18 other countries as part of a global effort toward growing the opportunities for investments that deliver measurable social, environmental and cultural benefits alongside financial returns.
Pendal Group is represented on the Board.