Mixed response to RBA rate rise
There has been a mixed response from employer and industry groups to the Reserve Bank’s rate rise yesterday.
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A recent look into the voting patterns of Australia’s 50 largest super funds has shown that only eight funds supported more than 50 per cent of ESG-related shareholder proposals in 2020, a fall from nine between 2017 and 2020.
The Australasian Centre for Corporate Responsibility (ACCR) “Super Votes” report has analysed how super funds engage with shareholder proposals relating to environmental, social and governance (ESG).
Read more at Investor Daily.