HUB24 launches new ESG ratings for advisers and clients
HUB24 today announced the launch of additional ESG ratings functionality on the HUB24 platform, providing advisers with access to data-driven insights and reporting metrics for selected managed funds and more than 350 Australian listed securities. As the demand for responsible investing in Australia continues to rise, the new capability available on the HUB24 platform can support advisers to make investment choices based on their clients’ individual preferences and ESG risk profile.
Advisers can now access ESG ratings from Morningstar’s leading Sustainalytics rating system, which ranks selected funds and Australian listed securities on a sliding scale of risk and identify whether a managed fund has been certified by the Responsible Investment Association Australasia (RIAA).
HUB24 Managing Director and CEO Andrew Alcock said, “There is growing demand by consumers for transparency around responsible investments and our role is to provide solutions which enable advisers to support their clients to meet their individual investment preferences.
“We’re in a unique position to empower better financial futures for Australians so offering a broad range of investment options and insights on the HUB24 platform enables advisers to support their clients in making informed investment decisions.
“Through our collaboration with Morningstar and RIAA, we’re able to offer solutions that give advisers visibility over how well ESG risk is managed or considered so they can engage with their clients to find investments that align with their values.”
Morningstar Managing Director Jamie Wickham added, “With more investors increasingly integrating sustainability considerations into their investment decisions we’re delighted to make available the Morningstar Sustainalytics data on the HUB24 platform. Each of our methodologies give advisers better visibility over how Australian listed companies and funds manage ESG.”
RIAA CEO Simon O’Connor said, “Our consumer research shows 64% of Australian consumers expect financial advisers to be knowledgeable about responsible investment options. By making RIAA certification available on the HUB24 platform, advisers can build their knowledge and understanding, easily determining whether a fund has been certified by us and adheres to the strict operational and disclosure practices required to meet our Responsible Investment Standard.”
Supporting ESG investing, choice and flexibility
The new ESG ratings functionality on the HUB24 platform compliments our innovative managed portfolio stock substitution capability giving advisers the ability to tailor their investment approach to meet clients’ individual ESG investment preferences.
Rated number one for Best Overall Investment Choice by advisers, HUB24 has one of the largest investment menus on offer in the platform market with over 1,000 managed funds, exchange traded funds (EFTs) and the largest range of managed portfolios in addition to hundreds of Australian and international listed securities. To support advisers and their clients in meeting their ethical, social and governance requirements HUB24 provides over 150 ESG investment options.