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.
Tim Fitzpatrick | EAC Director