HUB24 adds ESG ratings

By Penny Pryor

HUB24 has added environmental, social and governance (ESG) ratings functionality on the HUB24 platform via Morningstar's Sustainalytics rating system.

Sustainalytics ranks selected funds and Australian listed securities on a sliding scale of risk and identifies whether a managed fund has been certified by the Responsible Investment Association Australasia (RIAA).

"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," HUB24 managing director and chief executive officer Andrew Alcock said.

"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."

Simon O'Connor, RIAA chief executive officer, pointed out that their consumer research shows 64 per cent 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."