Perennial has released its second annual integrated ESG and Engagement Report. This report aims to provide insight into the firm’s integration of ESG at both a corporate and investment level, in addition to our ESG engagement efforts with companies in our investible universe.
Perennial believes that environmental, social and governance (ESG) issues can impact the performance of companies and therefore, influence the returns generated by our investment portfolios. As such, we are dedicated to integrating ESG & sustainability into our investment decisions and improving our corporate ESG & sustainability.
The report provides an overview of our ESG investment process, corporate and investment ESG initiatives, company engagement highlights across our suite of funds, FY23 proxy voting record, ESG focus areas and industry participation.
Some of the highlights in the report include:
- Perennial was recognised as a Responsible Investment Leader by the Responsible Investment Association Australasia (RIAA) in 2022 for the third consecutive year and ranked among the top 10 asset managers/asset owners. This recognition highlights our continued commitment to responsible investment across the business. Subsequent to the end of this reporting period, we were also identified as a Responsible Investment Leader in 2023 for the fourth consecutive year.
- We launched our Reflect Reconciliation Action Plan and are in the process of launching our Innovate RAP.
- We undertook our second internal diversity survey.
- Our firmwide operations have been certified as operationally carbon neutral for FY21 and FY22 in partnership with Pathzero. Additionally, we achieved Climate Active Certification for FY22 – an Australian government-backed program to certify carbon-neutral claims. We are in the process of achieving Climate Active certification again for FY23.
- We continued our partnership with One Tree Planted for the third consecutive year, planting a tree for every incremental direct client of Perennial as at 30 June 2023. One Tree Planted is an environmental non-profit organisation focused on global reforestation. We pursue this initiative to further our commitment to sustainability and extend ESG integration within our corporate strategy.
Find out more information on Perennial’s ESG & Engagement by reading the FY23 report.
