|Royal Commission – time to transform for the better
Ethical Investment Advisers has welcomed the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
“Transparency and accountability in investment advice and service is a key theme for Ethical Investment Advisers. We actively engage with the financial services industry to ensure that the values and expectations of our clients are met. Acting in the best interests of our clients is extremely important to us and the core of what we do” Louise Edkins, director Ethical Investment Advisers.
Simon O’Connor, CEO of Responsible Investment Association of Australasia (RIAA) said “This is a watershed moment for the finance sector. The industry and entities involved must reflect and remedy these wrongs, and address the gaps spanning leadership, culture and systems. From this stronger base, we can transform our industry for the better and start to align capital markets with achieving a healthy and sustainable society, environment and economy for all Australians.
Consumer research conducted by RIAA shows that 9 in 10 Australians expect their money to be managed with consideration of their personal values and ethics, alongside their financial interests. This includes consideration of the social and environmental impact of their investments, whether it be avoiding investments that contribute to human rights violations and animal cruelty, or supporting investments that deliver improved healthcare, education and renewable energy.