Greenwashers Can’t Hide Forever, Top Australian ESG Fund Says
- Fund manager says sustainability practices are ‘good business’
- The fund has beat 95% of peers according to Bloomberg data
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Perpetual Ltd.’s Nathan Hughes has a message for companies trying to greenwash: You will be caught.
The 34-year-old is the portfolio manager of the A$804 million ($622 million) Perpetual Wholesale Ethical SRI Fund that invests in Australian equities and focuses on engaging with companies on environmental, social and governance goals to help preserve returns. The sustainability practices are just “good business,” he says.