Companies that are more environmentally and socially sustainable often have lower operating costs. With an increasing awareness of climate change and other sustainability issues, our clients now care more about environmental stewardship than they have in the past. There has been a strong trend towards sustainable investing globally, and fortunately Australia is positioned well to capitalize, with abundant GM free food, large lithium mines and plenty of sun.
The Australian Prudential Regulation Authority (APRA) has added sustainability considerations as a fiduciary duty for Australia’s superannuation funds. Overseas the two largest global asset owners, with a combined $2.5 trillion, the Norwegian Sovereign Wealth Fund and the Japanese Pension Fund have begun using environmental, social and governance metrics to improve their long-term investment performance. Greenwich partners with the Global Leader in company sustainability assessment, SustainablePlatform.com, to help assess sustainable private companies for our clients, and enhance the sustainability level of our family office investments without compromising returns.