How Australia's new rules could jeopardise ESG efforts
As pressure mounts on superannuation funds to lower fees and maintain good returns, will they become more tempted to lean away from ESG?
Already under pressure to reduce fees and boost returns, Australia’s superannuation funds are facing headwinds from a new annual performance test that targets underperformers. Industry players argue the test could put funds’ environmental, social and governance ESG efforts in jeopardy.
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