The Australian Investment Council and its member firms understand we have a significant responsibility to the investors who entrust us to make ethical and responsible decisions about how capital is invested, while at the same time delivering market-leading and sustainable returns on the investment over time.
That’s why we take our obligation to uphold the highest professional standards in everything we do across our industry very seriously. In conjunction with the legal obligations for fund managers and advisers administered by the Australian Securities and Investments Commission, the Australian Investment Council provides oversight of the private capital industry through the industry’s comprehensive Code of Conduct. Every year, all our member firms in the fund manager segment are required to confirm in writing that their firm maintains policies and procedures that ensure compliance with the Code of Conduct. All of our member firms agree to observe the obligations of the Code of Conduct, to act with integrity, and that they deal fairly and honestly with all stakeholders.
We understand the importance of responsible investment in addressing environmental, social and governance issues as a key driver of making ethical and responsible investment decisions. For more than 15 years now, the Australian Investment Council has been involved in contributing to the development of international standards such as the United Nations-supported Principles for Responsible Investing, and the Environmental, Social and Governance Disclosure Framework. The Australian private capital investment industry supports the principles embedded in these frameworks, and encourages all of its member firms to be signatories to the global PRI initiative.