New firm provides Aussie SRI services

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A specialist governance research and engagement service called Regnan has been set up in Australia by eight institutional investors and the country’s largest university.

Erik Mather, managing director of the new service, said: ‘The creation of Regnan provides the opportunity for some of the world’s leading institutional investors to work together to improve the environmental, social and governance (ESG) performance of companies and ultimately the performance of their own investments.

‘Regnan marks ESG’s transition from niche industry to influential mainstream investment practice.’

The founding companies, together representing investment of a $350billion ($286bn, £142bn), are Aria, BT, Hermes, Hesta, LGSS, Vanguard, VFMC and VicSuper. Research contributions will be made by Monash University’s sustainability enterprises department.

Further information: Erik Mather, 0061 (0)418 169614