T8 has been awarded Responsible Investment Leader 2023 by RIAA
Insights — September 2023
T8 has been named a Responsible Investment Leader by the Responsible Investment Association Australasia (RIAA) in its landmark 22nd annual study
Triple Eight Capital (T8) has been named a Responsible Investment Leader by the Responsible Investment Association Australasia (RIAA) in its landmark 22nd annual study. This recognises our commitment to responsible investing as an investment manager.
The classification of ‘Responsible Investment Leaders’ refers to investment managers that scored in the top 20% of all investment managers assessed on RIAA’s Responsible Investment Scorecard as captured and assessed for the Responsible Investment Benchmark Report 2023.
RIAA’s Scorecard consists of 26 questions, covering four key areas, or pillars:
Pillar 1: Coverage of, and commitment to responsible investing and transparency;
Pillar 2: Enhancing risk management through explicit and systematic consideration of ESG factors and other screens, including reporting of these;
Pillar 3: Being strong stewards for more sustainable and resilient assets and markets; and
Pillar 4: Allocating capital to benefit stakeholders and contribute to solutions as well as measurement and reporting of outcomes.
The 2023 report has revealed many advances in responsible investment, with money flowing to outcomes for people and the planet as investments into sustainability themes increased substantially in 2022, reaching $235 billion (from $161 billion in 2021). Likewise, the impact investment sector nearly doubled from $30 billion in 2021 to $59 billion in 2022. T8 Energy Vision is a fund dedicated to clean energy, focused on the solutions to ‘net zero’ emission, forming an integral part of the shift to sustainable themed investment.
Financial markets in Australia are fully embracing ESG and responsible investment. The report shows 93% of the professionally managed funds worth $3.3 trillion are managed by investors that have made public commitments to responsible investment, revealing a market in transition toward a new state of maturity, whereby only 36% or $1.3 trillion of these total assets are being managed in a way that can demonstrate a leading approach to responsible investment.
Global markets have moved rapidly to lift expected standards of practice in responsible investment in the last two years and Australia is no exception. A new threshold for Responsible Investment Leaders has led to 54 fund managers being named as Responsible Investment Leaders.