FTSE Russell expands ESG analysis to small caps
Global index and data provider, FTSE Russell, has announced that it has expanded its environmental, social and governance (ESG) data analysis to include small cap companies, a move which will see around 250 Australian listed companies be added to its ESG coverage.
Although Australia was one of the countries that recently deepened its commitment to integrating ESG into its investment practice, it turned out that some smaller Australian firms still lagged behind in terms of their understanding of the ESG needs of investors.
As a result, these companies had limited disclosure practices compared to their larger peers, the firm said.
“We are pleased to expand our coverage in the Australian market where sustainable investment is a priority for many customers,” FTSE Russell’s head of sustainable investment, David Harris, said.
“By providing access to detailed, structured and transparent information on the ESG priorities and performance of Australian companies it will help support investor stewardship and ESG integration into active and passive strategies.”
Recommended for you
T. Rowe Price believes Australian growth is successfully managing to shrug off consumer weakness, but the firm’s multi-asset team is not yet positive enough to increase its underweight position.
Iress has issued an update denying the validity of “certain statements” made by an alleged threat actor, following a cyber incident last weekend.
The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.
Betashares has expanded its fixed income solutions with the launch of a new ETF offering exposure to subordinated bonds issued by the big four Australian banks.