A recent report by Pimco in May this year found that the mention of ESG issues on corporate earnings calls had skyrocketed since the onset of the pandemic. Pimco found that on their analysis of 10,000 global companies that before 2018, less than 1% of Earnings Calls mentioned ESG. In 2019 that rose to 5% of earnings calls, and in May 2021, that rose again to 19% of earnings calls.
It was very clear to us that there was an even bigger increase this reporting season though, so we thought we would undertake some internal analysis. Our sustainability team reviewed every FY21 Financial Results Presentation for all S&P/ASX 300 companies that reported to see whether ESG was included. We found that the mentions of ESG issues has shot up to 61%.
Download our comprehensive report below.
During October 2021 the Fund returned 1.09% versus the S&P/ASX 300 Accumulation Index of 0.10%, outperforming the market by 0.99%. An overweight position in Materials added to relative performance while and overweight position in Financials detracted from relative performance.
This World Children’s Day, 20 November, we recognise the devastating and disproportionate impact the climate crisis is having and will continue to have on children. As the most anticipated event of the year, COP26, finishes, it remains clear we have never needed more urgent action from government, business and society to respond to the climate crisis
During September 2021 the Fund returned -1.19% (after fees) versus the S&P/ASX 300 Accumulation Index of -1.89%, outperforming the market by 0.70%. An underweight position in Healthcare and an overweight position in Transport added to relative performance. Over the last 12 months the Fund has returned 36.03%, outperforming the ASX300 Accum Index by 5.17%.