NEWS UPDATE: Aberdeen’s green forecast
Aberdeen Asset Management has signed on to the United Nations Principles of Responsible Investment (PRI) in an effort to help encourage the investment community to put greater emphasis on environment, social and governance (ESG) issues.
Commenting on the move, Aberdeen senior investment manager Andrew Preston said addressing ESG issues now will put the business in a stronger position to influence and change companies it invests in, both in Australia and in international markets.
“While the principles are voluntary and aspirational rather than prescriptive, signing up to the PRI highlights Aberdeen’s commitment to strengthen its analysis of these issues and the impact they have on our investments,” he said.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.