Letter to the Canberra Times published on Friday 19 January 2007, in response to article published Wednesday 17 January 2007.
Jon Stanhope acknowledges that the tobacco investments of the ACT’s public sector superannuation fund are “less than ideal” (17 Jan, p1). Mr Stanhope goes on to say it is near impossible to boycott certain industries as it is difficult to accurately trace a company’s financial interests.
The tremendous success ethical funds have had over the last decade in terms of financial performance and the support of socially beneficial businesses show responsible investing is not “near impossible”. With good research skills, you can trace all aspects of each investment. In my company’s experience, Canberrans are per capita are the most enthusiastic adopters of ethical investment in the country.
Perhaps our local public servants would like their superannuation invested with financial insight and a social conscience?
Anne O’Donnell
CEO
Australian Ethical Investment Ltd
Downer
Further information:
> Australian Ethical's investment approach