Legg Mason Affirms Its Commitment to Responsible Investing in Australia
Legg Mason recently announced that we have joined the Responsible Investment Association Australasia (RIAA) – an industry group representing investors from across Australia and New Zealand who are focused on responsible, ethical and impact investing.
RIAA seeks to increase the amount of capital invested responsibly by providing valuable information to its constituents, creating awareness and demand for RI products, and by approving funds via its Certification Program.
The network consists of 220 of fund managers, brokers, financial advisors, community banks/trusts, faith-based groups and individuals who, combined, manage more than AUD$9 trillion in assets globally.
Andy Sowerby, Legg Mason’s country head in Australia and New Zealand, said joining RIAA is consistent with our move to integrate environment, social and governance (ESG) factors to our investment process and by applying certain ethics-based restrictions when developing products.
A recent Money Management article, “Legg Mason Joins RIAA” included the following quote from Andy: “We believe that RIAA plays an important role in promoting best practice in responsible investment and we look forward to putting forward a number of our funds to be considered for RIAA certification.”
View the “ESG Strategies” section of Legg Mason’s CSR Report to learn more about how ESG investing aligns with our mission of Investing to Improve Lives.