RIAA

According to RIAA, the YFYS test “runs contrary to sound climate risk management”, and goes against both the government’s own net zero plans and APRA’s guidance on climate change risk.

New research confirms the “anecdotal concerns” of the superannuation industry that the current design of the Your Future Your Super test makes responsible investing a no-go zone.

The Your Future Your Super (YFYS) performance test will likely harm ESG outcomes, but funds are increasingly considering impact as a sustainable investment weapon of choice.