Pendal joins forces with financial sector leaders
The Australian Sustainable Finance Intiative – helping steer the Australian economy through a critical decade
A sustainable and resilient economy – one that prioritises human well-being, social equity and environmental protection – is the foundation for ensuring Australia’s prosperity throughout the 21st century. That’s why the leaders and senior executives of Australia’s major banks, superannuation funds, insurance companies, financial sector peak bodies, civil society and academia are coming together to set out a roadmap for realigning the finance sector to support greater social, environmental and economic outcomes for the country.
The Australian Sustainable Finance Initiative, launched on 27 March, is an unprecedented collaboration to help shape an Australian economy that prioritises human wellbeing, social equity and environmental protection, while underpinning financial system stability, in what it says is a ‘critical decade’ ahead.
Pendal is proud to represent the investment management industry on this critical initiative. Over the past decade we have seen growth in a number of groups individually advocating for greater cohesion with business, financial, social and environmental imperatives. Bringing the wider financial industry together through the Australian Sustainable Finance Initiative means we will now have a truly collective approach to developing a comprehensive roadmap that will address the many present and future challenges.
The Roadmap development process will be overseen by a Steering Committee consisting of senior financial services, academic and civil society representatives. Richard Brandweiner, CEO Pendal Australia, has been appointed to the Steering Committee. Richard is looking forward to contributing to this important initiative, drawing upon his deep experience in the fields of impact investing and responsible investment practices.
Richard is a passionate advocate for responsible investment and delivering societal outcomes. He shares his expertise through current appointments on the NSW Social Impact Investment Expert Advisory Group and as Vice-Chair of the Australian Advisory Board on Impact Investing.
Find out more about the Australian Sustainable Finance Initiative.
This article has been prepared by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426 and the information contained within is current as at March 28, 2019. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.
This article is for general information purposes only, should not be considered as a comprehensive statement on any matter and should not be relied upon as such. It has been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, recipients should, before acting on this information, consider its appropriateness having regard to their individual objectives, financial situation and needs. This information is not to be regarded as a securities recommendation.
The information in this article may contain material provided by third parties, is given in good faith and has been derived from sources believed to be accurate as at its issue date. While such material is published with necessary permission, and while all reasonable care has been taken to ensure that the information in this article is complete and correct, to the maximum extent permitted by law neither PFSL nor any company in the Pendal group accepts any responsibility or liability for the accuracy or completeness of this information.
Any projections contained in this article are predictive and should not be relied upon when making an investment decision or recommendation. While we have used every effort to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The actual results may differ materially from these projections.