Asset Consultants Survey - The Climate Institute

CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants Survey• Integration of climate change management into asset consultants’ services tosuperfund clients• Collective action• Reporting of progress on climate change issues• Integrating opportunities in climate changeThe survey was conducted via correspondence and asset consultants were givenapproximately 8 weeks for completion. The invitations for response were delivered to thesenior management of each consulting company (i.e. Chief Executive Officer, ManagingDirector, Partner, Chief Operating Officer and/or Principal) and where identified, to otherknown executives with main responsibility in this area.Out of the 19 consulting companies 6 invited to respond to the survey, 47% of the companiescompleted the survey. Jointly, the survey respondents had AU$529.4 billion 7 funds underadvice in Australia. Approximately AU$374.9 billion of these funds were made up byAustralian superannuation funds which also represents 57% of Australia’s AU$662.3 billionsuperannuation assets (excluding pooled superannuation trusts, small APRA funds, singlememberapproved deposit funds (ADFs) and self-managed super funds).Critically, all the major asset consulting companies responded to the survey. The highestproportion of respondents were either dedicated asset consulting companies or the assetconsulting arm of a broader finance organisation, with both types of organisations eachmaking up 44% of the total respondents.Breakdown of Respondents (%)Dedicated AssetConsultingCompany, 44%Asset Consultingarm of a broaderfinanceorganisation,44%Other , 11%67The consulting survey was initially sent to 20 consulting companies but one had declined to respond as it has sold off itsasset consulting business.Note that this number is a minimum amount of funds in Australia under advice as one consulting company only provided thelevel of funds under advice to Australian superfunds. This number was used to calculate the aggregate level of funds underadvice in Australia.PAGE 8CLIMATE CHANGE INVESTMENT INITIATIVE UPDATE – Asset Consultants Survey