A global asset manager has announced that its Australian arm has joined the Responsible Investment Association Australasia.
Eaton Vance announced that Eaton Vance Australia had joined the industry body that represents responsible, ethical and impact investors across Australia and New Zealand.
The RIAA focuses on encouraging investors to invest capital into sustainable assets and enterprises and to shape responsible financial markets underpinned by strong returns.
Eaton Vance managing director TJ Halbertsma said that ESG funds were an important part of the groups investment process.
“We will continue to strengthen our Responsible Investing capabilities led by our affiliate, Calvert Research and Management. Calvert, a global leader in Responsible Investing, seeks to earn competitive investment returns while influencing progress and creating a positive impact on society through integrated ESG research with an emphasis on company engagement and measurement of non-financial, material factors,” he said.
Mr Halberstma said that RIAA was an important part of Eaton Vance’s positive impact plan which is why the group decided to join it.
“We believe that the RIAA plays an important role in promoting best practices in Responsible Investing and we look forward to contributing our insights and reports to enhance investor education and increase interest in this sector,” said Mr Halbertsma.
Globally, Eaton Vance is a signatory of the principles for responsible investment, an international group of institutional investors who developed the PRI to reflect the increasing relevance of environmental, social and corporate governance issues to investment practices.
Former CEO of ING Direct Vaughn Richtor will assume the role of chairman at MyState following the retirement of Miles Hampton, the compan...