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Governance

Asset owner, manager group calls for integrated reporting at companies

Three asset owners alongside eight money managers have confirmed a commitment to integrated reporting in efforts to drive the development of more sustainable and stable businesses in the longer term, the consortium said in a statement Friday.

The signatories were Aberdeen Standard Investments; Achmea Investment Management; Aegon Asset Management; the A$37 billion ($29 billion) Cbus Super, Melbourne, Australia; Eumedion; Evenlode Investments; Hermes Investment Management; Martin Currie Investment Management; NN Investment Partners; PGGM, Zeist, Netherlands, the manager of the €185 billion ($218.5 billion) Pensioenfonds Zorg en Welzijn; Triodos Investment Management and the A$17 billion ($13 billion) VicSuper, Melbourne, Australia.

According to the signatories, improved non-financial reporting will help to drive better governance and stewardship practices through more comprehensive identification and management of current and future opportunities and risks.

Euan Stirling, investment director at Aberdeen Standard Investments, said in a news release: "As major investors in the world's financial markets, we are fiduciaries for millions of individuals. To perform this role, we need to understand the long-term return prospects of the businesses in which we invest."

"To do this we need to understand not only their immediate financial performance, but the strategy of the business, the key resources and assets to which it has access and how it intends to maintain access to these resources and maintain or improve its assets," Mr. Stirling said in the release.