The Mercer Super Trust has just been recognised as a leader in responsible investment by the Responsible Investment Association Australasia (RIAA).
Published today, the RIAA’s Superfund Responsible Investment Benchmark Report 2016 has ranked Mercer in the top 12 out of the 50 funds it reviewed, and the only Australian Master Trust to make the cut.
Mercer was commended for its commitment to implementing exceptional processes across a five pillar framework encompassing Governance & Accountability; Responsible Investment Commitment; Responsible Investment Implementation; Measurement & Outcomes and Transparency & Responsiveness.
“The new comprehensive framework that the RIAA has introduced to highlight how super funds are progressing is a welcome enhancement for investors and fund members alike,” said Helga Birgden, Mercer’s Global Business Leader for Responsible Investment.
“For the Mercer Super Trust to be recognised at the top level is a big achievement. All funds need to act as stewards and demonstrate that they are capable of managing retirement savings through a wide set of environmental and social risks.”
The RIAA’s report illustrates that consumers have been showing increased interest in the way their super is being invested. It reports that responsible investments in the super fund sector doubled from $25.6 billion in 2013 to $51.5 billion in 2015.
With this mainstreaming of sustainability and growth of fund inflows Mercer has applied systematic processes from active share voting, corporate engagement, management of sensitive investment issues and public policy participation engaging locally and globally with regulators, policy groups, industry initiatives and governments.
“One area Mercer has shown strong leadership is on the investment opportunities in environmental, social and governance issues and on the investment impacts of climate change. We have an exciting range of investment offerings that have been developed out of our global thought leadership on these issues with new product coming through showcasing our approach in action,” said Ms Birgden.
“Sustainable growth is core to Mercer’s investment beliefs and will remain a key focus not just in the short term but into the future to ensure our Fund members benefit from our research, thinking and processes for delivering responsibly on retirement saving.”
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and careers of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 140 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With annual revenue of $13 billion and 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.