VicSuper has signed up to the Australian Council of Superannuation Investors’ asset owner stewardship code, joining the likes of AustralianSuper and Hesta.
The Australian Council of Superannuation Investors (ACSI) announced in a statement that VicSuper had become a signatory to the ACSI Australian Asset Owner Stewardship Code, which aims to make the stewardship activities of Australian asset owners more transparent.
“By becoming a signatory to the Stewardship Code, VicSuper is taking a leading role in setting best practices standards for the disclosure and management of stewardship activities,” said ACSI chief executive Louise Davidson.
VicSuper follows in the footsteps of AustralianSuper and Hesta who have already signed up to the code. Ms Davidson indicated that more announcements of signatories to the code would be announced throughout the year, with Hostplus to become a signatory by the end of 2018.
The code outlines six principles in which signatories must, on an ‘if not why not’ basis, commit to:
Furthermore, signatories to the code must also publish a ‘Stewardship Statement’ which outlines how they will apply the principles.
VicSuper chief investment officer Andrew Howard said the fund was “proud” to be a code signatory.
“We are committed to using the tools of engagement and voting to influence company behaviour for the benefit of companies, our members and wider society,” he said.
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