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The burgeoning sustainable superannuation sector continues to underperform its peers, with new data showing ethical funds have delivered lower returns to their members than non-sustainable funds over the past five years.
The median sustainable balanced option delivered average annual returns of 8.3 per cent over the past five years, according to SuperRatings, which was less than the typical balanced option, which delivered returns of 8.7 per cent.
Companies increasingly have to furnish their ESG credentials to attract investors.
Gabriele Charotte
The top-performing balanced option over the past five years was HESTA’s sustainable growth fund, which delivered annual returns of 11.8 per cent to its members, according to data from SuperRatings.
Sustainable investment assets hit $35 trillion, 36% of all managed assets
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) a company that initially launched as an eco-friendly ridesharing company but has since expanded into multiple verticals.
Facedrive calls itself a multi-faceted “people-and-planet first” tech ecosystem offering socially responsible services to local communities with a strong commitment to doing business fairly, equitably, and sustainably.
And make no mistake – investors who got in early on
Facedrive have already done well, as the company’s
value has increased more than 440% since the beginning of 2020.
Those substantial gains, however, were only the beginning for them. The company has continued to expand, including the recent launch of its Steer EV subscription service in May 2021.