Responsible Investment 2008 is the 8th annual Benchmark Report commissioned by The Responsible Investment Association Australasia (RIAA) and the fifth report based on research carried out by Corporate Monitor. Its aim is fourfold: to update figures for the 2007-08 financial year for the various forms and segments of responsible investment; to present analysis of its level of growth (or decline); to show comparisons with the total managed investment market; and to provide a summary of the latest reported overseas figures.
Regulation
Vanguard fined $12.9m for poor screening of ESG fund
Vanguard Australia has been fined $12.9 million for making misleading claims about the ESG screening for its Ethically Conscious Global Aggregate Bond fund. The judge in a case brought by ASIC noted that almost three-quarters of the securities in the fund by market value had not been researched or screened against ESG criteria.
Chris DastoorSeptember 25, 2024
