NSW launch of responsible investment report

7 December 2011

NSW Trade & Investment co-hosted the launch of the Responsible Investment Association Australasia's (RIAA) 2011 Benchmark Report on 5 December.

The report shows that the broad responsible investment market made up 16 per cent of Australia's $936 billion mainstream managed investment portfolio market as of June 2011, up from 8 per cent in 2010.

It also found the average responsible investment fund delivered higher returns than the average mainstream fund in every one of twelve categories covered by the report.

Responsible investment takes into account environmental, social, governance or ethical considerations as well as financial criteria, and is an important growth segment within our finance industry.

This reflects growing individual and corporate concern about issues of sustainability, environmental protection and social justice, as well as sound business practices aligned to stakeholder responsibilities.

Financial and insurance services is the largest sector in NSW, which makes up nearly 46 per cent of Australia's entire finance and insurance industry.

As Australia's leading finance State, NSW offers the best location for companies wanting to leverage future Australian and Asia Pacific growth in responsible investment.

NSW Trade & Investment is committed to growing Sydney as not only a global financial capital but also a centre for international development finance.

It offers free support services to help responsible investment businesses invest and grow in our State.

Some NSW initiatives promoting positive finance development include:

  • Support for the Sydney-based Centre for International Finance and Regulation, to help strengthen regional economies in the Asia Pacific
  • Development of Barangaroo, the carbon neutral and climate positive CBD financial precinct
  • Promotion of Sydney as a carbon trading hub, centre of finance innovation, regional leadership, and clean technology investment
  • NSW is working with other States and the Australian Government, including the Board of Taxation, to identify and remove regulatory and taxation impediments to Islamic finance.

The RIAA's 2011 Benchmark Report is available online at www.responsibleinvestment.org