Investors Tell Australian Firms to Improve Indigenous Relations
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The firm that represents managers of more than A$1 trillion ($700 million) of Australia’s pension funds has told the companies they invest in to improve their ties with Indigenous communities.
The Australian Council of Superannuation Investors wants firms to build strong relationships with First Nations peoples and ensure they have free, prior and informed consent through the life of a project on their land, according to its updated engagement guidelines Thursday. The firm advises local and global investors including AustralianSuper, the nation’s largest pension fund.