Bendigo launches Socially Responsible Growth Fund
The wealth division of Bendigo and Adelaide Bank is pleased to announce the introduction of the new Bendigo Socially Responsible Growth Fund. Sandhurst Trustees, issuer of the new product is also pleased to be able to announce that the new fund has attained certification from the Responsible Investment Association Australasia.
Head of Wealth, Paul Rohan said: "Many of our customers told us that it would be great if they could extend their commitment to a low-impact lifestyle to their chosen superannuation fund as well. Making good choices is important for younger members in particular and their compulsory retirement savings can now be a power for good with Bendigo, potentially over many decades".
"We decided that the most efficient way to roll out and deliver the new Bendigo Socially Responsible Growth Fund was to offer it not only as a standalone fund for investors, but also as a choice in our multi-award winning Bendigo SmartStart Super fund".
"SmartStart Super customers can now choose to make a personal statement as to how their money is invested and benefit from a competitive fund focussed on maximising returns through a responsible investment regime".
Mr Rohan said: "To limit our environmental footprint as a bank, we make conscious decisions to reduce and offset our impact and we help others to do the same by offering sustainable products and services.
"Sustainability is a path of continuous improvement for Bendigo Bank, as evidenced by our modern award-winning buildings in both Bendigo HQ and Adelaide and we will continue to implement positive action to reduce our impact on the environment and help other companies and individuals to do the same.
"Almost 15 years ago, Bendigo Bank launched Australia's first 'green loans' - lower-cost loans for sustainable housing or home improvements such as water tanks, double glazing, solar energy and the like, so the Bendigo Socially Responsible Growth Fund is a logical extension to these early initiatives.
"While many of our Bendigo SmartStart customers are Gen Y and Millennials, it was their parents' generation who were largely responsible for organising some of the most significant campaigns in our modern history to protect Australia's environment and to drive social change. Hopefully, it won't be too long before their parents twig to the fact that you don't just have to have your superannuation invested with us to access the Bendigo Socially Responsible Growth Fund too", Mr Rohan concluded.
The Bendigo Socially Responsible Growth Fund:
- is certified by the Responsible Investment Association of Australasia
- engages Sustainalytics, a responsible investment research firm, to provide ongoing, independent reporting to assist in meeting the Fund's environmental, social and governance considerations.
Simon O'Connor, Chief Executive Officer of the Responsible Investment Association of Australasia said: "RIAA welcomes Bendigo Bank to our Certification Program with the new Bendigo Socially Responsible Growth Fund. This fund has met our strict disclosure and verification requirements, and will be an important offering to meet the rapidly growing demand from consumers who are looking to align their savings with their values."