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Despite a tumultuous year for markets, funds under management with the Ethical Advisers’ Co-operative (EAC) were up over 15% on the previous year with $3.13 billion invested in ethically screened products as at 31 December 2022.
2022 saw Co-op members provide advice to 4,374 clients across Australia and New Zealand, up from 3,661 clients in 2021 with $2.72 billion in funds under management. “Despite markets being relatively flat over 2022, the level of funds invested ethically by Co-op members has increased by just over 15%,” said EAC Chair Terry Pinnell. “This due to new adviser groups starting to invest ethically and the increasing interest of investors that are seeing the value of investing to make the environment and society a better place. “We are expecting an increasing acceleration of investment in the next year, with new innovative investments reducing human impact on climate and reducing the loss of biodiversity.” This changing perspective, of clients seeking more ethical investment alternatives, was well illustrated during a series of client interviews conducted by the Co-op in the lead-up to their annual Ethical Investment Week. MEDIA CONTACT Tim Fitzpatrick | EAC Director
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ASIC’s infringement notice against Vanguard for greenwashing, while disappointing, highlights the need for fund managers to ensure any statements about ethical propositions are accurate.
“Greenwashing is a major issue in our financial system, and so we welcome action taken by ASIC to crack down on misleading claims,” says EAC Director Tim Fitzpatrick. “As ethical investment becomes increasingly mainstream, instances of what financial market regulators have called misleading marketing, poor product design and other types of greenwashing are certainly rising, regardless of whether it is intentional or not.” This pervasive practice, by which funds falsely claim or exaggerate their environmental, social and governance (ESG) credentials, poses a major threat to the integrity and reputation of the investment industry. This ‘Leaf Ratings’ analysis was accessed more than 12,500 times over 2021, reflecting an increased level of consumer awareness and concern about the genuine nature of their ethical and sustainable investments. About Ethical Advisers’ Co-op EAC advisers managed in excess of $2.72 billion of investment on behalf of their clients at the time of the 2021 annual report, a reflection of the growing demand by consumers for professional and ethical advice to select investments that truly conform to each clients’ ethical, environmental and sustainability values. The EAC’s Leaf Ratings can be viewed here: https://www.leafratings.org/ EAC Spokesperson: Tim Fitzpatrick | EAC Director By Jassmyn Goh - Money Management
There is no doubt that in recent decades Australia, and the world, has been experiencing extreme weather events from months-long bushfires, to flooding, to unprecedented temperature levels. On 21 April 2020, Michael Moore released a documentary on his YouTube channel titled Planet of the Humans, which has received over 5 million views as of May 1st. The film, directed and narrated by Jeff Gibbs, criticizes renewable energy technologies like solar panels, wind turbines, biomass-burning plants, and electric vehicles, as well as leaders of certain environmental advocacy organizations that have supported those technologies.... Read More on Climate Feedback   Ethical Advisers Co-op members, David Rae, Karen McLeod and Luke Price feature in a Financial Standard article, written by Elizabeth McArthur. 
Ethical Advisers Co-op member, Hope Evans, featured in an XY Adviser Podcast:
Apple iTunes: http://co.xyadviser.com/xyitunes2eis Stitcher (Android): http://co.xyadviser.com/xystitcher2eis YouTube: http://co.xyadviser.com/xyyoutube2eis Spotify: http://co.xyadviser.com/xyspotify2eis Each year since 2002 RIAA has commissioned research into the size and growth of responsible investment in Australia and New Zealand. The objective of this research is to gather data on the various forms of responsible investment and to present analysis of growth in the sector in comparison with the total investment market.
RIAA’s Responsible Investment Benchmarking Survey is the only report of its kind in Australasia and is quoted extensively in the media and in industry papers around the world. |
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The contents of this website are intended as general advice only. The information provided by the Ethical Advisers Co-operative do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. The Ethical Advisers Co-operative recommends all users obtain their own independent professional advice from an appropriately qualified financial adviser before making any decision relating to their particular requirements or circumstances. Investing in, or switching between investments or superannuation funds may have unintended financial consequences.
The survey results, and all information contained in this website including all documents, consider only the ethics of each fund and do not include any analysis of fees, performance or financial suitability. The ethical score is subjective and benchmarked against each adviser’s average ethical client. Your ethics may differ. We recommend you speak to an experienced ethical financial adviser for personalised advice before making any decisions. The information provided by the Ethical Advisers Co-operative does not constitute financial advice. The information is presented in order to inform people motivated by ethical, environmental or social concerns.
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The contents of this website are intended as general advice only. The information provided by the Ethical Advisers Co-operative do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. The Ethical Advisers Co-operative recommends all users obtain their own independent professional advice from an appropriately qualified financial adviser before making any decision relating to their particular requirements or circumstances. Investing in, or switching between investments or superannuation funds may have unintended financial consequences.
The survey results, and all information contained in this website including all documents, consider only the ethics of each fund and do not include any analysis of fees, performance or financial suitability. The ethical score is subjective and benchmarked against each adviser’s average ethical client. Your ethics may differ. We recommend you speak to an experienced ethical financial adviser for personalised advice before making any decisions. The information provided by the Ethical Advisers Co-operative does not constitute financial advice. The information is presented in order to inform people motivated by ethical, environmental or social concerns.
Privacy Policy