RIAA aims for 10% of TAUM to be in responsible investments
Responsible Investment Association Australasia (RIAA) wants to increase the proportion of total assets under management (TAUM) in responsible investment to four times its current level by 2019.
As part of its three-year strategy, the RIAA said it hoped to tap into growing consumer interest in responsible investing, and planned to work with superannuation funds as influential economic agents on both the direction of financial markets and the broader economy and society.
"We have the bold goal of increasing Core Responsible Investments in our annual Benchmark Report from 2.5 per cent of the market currently to 10 per cent over the next three years," the association said.
"With guidance from our three-year strategy and the outcomes of the recent member survey, we have established our work plan for the 2016 calendar year.
"This work plan will help us achieve our goal, focused squarely on unlocking and accelerating the flows of funds into responsible investment products and services over the next three years."
RIAA said it would work to shift policy and regulation to help set the rules of the game to be more conducive to long-term responsible investment.
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