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The Ethical Advisers’ Co-operative has seen funds under management increase more than 15% to more than $3.13 billion invested with Adviser members.
The EAC’s Annual Report for 2022 highlights the increasingly important role its members are having in shaping the ethical investment landscape in Australia and New Zealand, with its members providing advice to 4,374 clients. EAC Chair Terry Pinnell commented that, “Ethical investment is a growing segment of the investment market. The level of ethical funds under management (FUM) is growing every year as existing advisers add more FUM, and new advisers come into the ethical arena.” The Annual Report highlights the Leaf Ratings developed by the Co-op. The ratings provide an accessible source of information for the public, advisers and fund managers about how well Co-op members perceive ethical, sustainable and responsibly labelled funds live up to their promises. This is a particularly relevant resource in light of growing concerns around greenwashing. “Fund managers want to be rated because they understand that receiving a Leaf Rating from our advisers is kudos you cannot buy,” EAC Chair Terry Pinnell said. Click here to view the 2022 Annual Report. ABOUT THE ETHICAL ADVISERS’ CO-OPERATIVE LTD The Ethical Advisers' Co-operative Ltd (EAC) is a member-operated organisation created to help communicate the intention and benefits behind ethical investment. The EAC aims to help investors understand ethical investment and to help investors find a specialist ethical investment adviser to help plan for retirement, manage their superannuation or investment portfolio. MEDIA CONTACT Tim Fitzpatrick | EAC Director
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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 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 |
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The Ethical Advisers' Co-op acknowledge the Traditional Custodians of the lands on which we work and live, the Aboriginal and Torres Straight Islander people of Australia, and pay our respect to the Elders past, present and emerging. We recognise and respect their cultural heritage, beliefs and relationship with the land and waters, and recognise their role in caring for and maintaining the land over thousands of years. We also extend that respect to other First Nations. We see reconciliation as a fundamental responsibility for The Ethical Advisers' Co-op and we are committed to advancing reconciliation with Australia’s First Peoples and engaging with their concerns.
We acknowledge and pay our respects to Māori as the tangata whenua the indigenous people of Aoteroa (New Zealand) and their ancestors who have cared for the whenua (land), its forests, rivers, and mountains for generations. We recognise their continuing connection and contribution to the whenua, and as Treaty of Waitangi partners and we are committed to building respectful relationships with Māori communities and to working towards a more just and equitable society.
As ethical financial advisors, we commit to building respectful relationships with Indigenous communities, working towards economic empowerment and self-determination, and supporting the financial well-being of all Australians and New Zealanders. We recognise that ethical financial advice creates positive change and contributes to a sustainable future, and we are committed to using our skills and expertise to make a difference.
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 general in nature and is presented in order to inform people motivated by ethical, environmental or social concerns.
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The Ethical Advisers' Co-op acknowledge the Traditional Custodians of the lands on which we work and live, the Aboriginal and Torres Straight Islander people of Australia, and pay our respect to the Elders past, present and emerging. We recognise and respect their cultural heritage, beliefs and relationship with the land and waters, and recognise their role in caring for and maintaining the land over thousands of years. We also extend that respect to other First Nations. We see reconciliation as a fundamental responsibility for The Ethical Advisers' Co-op and we are committed to advancing reconciliation with Australia’s First Peoples and engaging with their concerns.
We acknowledge and pay our respects to Māori as the tangata whenua the indigenous people of Aoteroa (New Zealand) and their ancestors who have cared for the whenua (land), its forests, rivers, and mountains for generations. We recognise their continuing connection and contribution to the whenua, and as Treaty of Waitangi partners and we are committed to building respectful relationships with Māori communities and to working towards a more just and equitable society.
As ethical financial advisors, we commit to building respectful relationships with Indigenous communities, working towards economic empowerment and self-determination, and supporting the financial well-being of all Australians and New Zealanders. We recognise that ethical financial advice creates positive change and contributes to a sustainable future, and we are committed to using our skills and expertise to make a difference.
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 general in nature and is presented in order to inform people motivated by ethical, environmental or social concerns.
Privacy Policy