Legg Mason has strengthened its commitment to responsible investing by joining the Responsible Investment Association Australasia (RIAA).
RIAA has a network of over 220 members who manage jointly more than $9 trillion in assets globally, including super funds, fund managers, consultants, researchers, brokers, impact investors, property managers, community banks, community trusts, faith-based groups, financial advisers and individuals.
Legg Masons’ country head Australia and New Zealand, Andy Sowerby, said the group integrated ESG factors into its investment processes and by embedding certain ethical restrictions into product structures.
“Today, we offer dedicated ethical investment solutions covering both equity and bond markets and we firmly expect that both interest and innovation in this area will only continue to grow,” he said.
“We believe that RIAA plays an important role in promoting best practice in responsible investment and we look forward to putting forward a number of our funds to be considered for RIAA certification.”
