Ethical Performance
inside intelligence for responsible business


VicSuper and Hesta join ethical alliance

July 2007

Two Australian companies have become associate members of the Enhanced Analytics Initiative (EAI), an international organization that gathers information from asset owners and asset managers to support better investment research.

The new members – VicSuper, the trustee of VicSuper Fund and one of Australia’s fastest-growing superannuation funds, and Hesta Super Fund, a health and community services industry superannuation fund – bring the EAI’s total assets under management to €1.85trillion ($2.5tn, £1.25tn).

Bob Welsh, VicSuper’s chief executive, said: ‘VicSuper has a strict framework of corporate governance guidelines. These principles are very much aligned with EAI’s mission to promote a sustainable investment environment. We look forward to working with the members of EAI to help promote the kind of investment research which will ensure that informed investment decisions are being made on our behalf.’

Rob Fowler, Hesta’s executive manager of investments and governance, said: ‘Hesta believes it is essential to make it attractive for research analysts to holistically incorporate material, extra-financial issues into their analysis of companies. EAI recognizes the importance of incentivizing the research provider to demonstrate the value that Hesta places on the analysts’ work.’

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