How IFM supports responsible investment

Principles for Responsible Investment

IFM is a signatory to the Principles for Responsible Investment (PRI). The PRI is an investor initiative in partnership with UNEP Finance Initiative and the UN Global Compact. It is based on a set of six principles that provide a framework for integrating ESG into the investment decision making process. As of April 2012, over 1000 organisations globally, representing 30 trillion US dollars under management, have signed the PRI. IFM’s Director of Sustainability and Responsible Investment, Azhar Abidi, currently chairs the PRI Infrastructure Steering Committee.

As a fund manager owned by industry funds, over 88% of IFM's owners (by funds-under-management) are PRI signatories. Being a PRI signatory provides a natural alignment between our owners' interests and our investment policies and practices.

Australian Council of Super Investors

IFM is represented on the Committee of Management of the Australian Council of Superannuation Investors (ACSI). ACSI was formed for the purpose of mutualising the cost of research on corporate governance for superannuation funds, and for providing a strong, collective voice to listed companies on key corporate governance issues. Our participation with ACSI helps us to collaborate with other superannuation funds and improve our effectiveness in implementing the PRI. ACSI represents the interests of over 41 not-for profit superannuation funds that manage over A$300 billion of Australian retirement savings. Through ACSI, IFM has a collective means to address ESG factors in proxy voting and engagement for Australian listed companies.

ESG Research Australia

IFM is a member of ESG Research Australia (ESG RA), a non-profit forum with the objective of improving the quality and quantity of broker research on ESG. ESG RA encourages a mainstreaming approach to the integrating of ESG inclusive research into investment decision-making. ESG RA has 46 institutional investors as members.

Climate Change

IFM is an active member of the Investor Group on Climate Change (IGCC). The IGCC represents institutional investors in Australia and New Zealand, with total funds under management of over A$900 billion. IGCC was formed for the purpose of mutualising the cost of investor relevant action on climate change and providing a strong, collective voice to companies, government and the broader investment community on climate change issues.