The Investor Leadership Network, a platform for investors to address sustainability and long-term growth issues, announced Wednesday that the Future Fund, Australia’s sovereign wealth fund, will become the initiative’s newest member.
The Toronto-based ILM is a global advocacy network that aims to connect institutional investors and advocate members to drive progress toward a sustainable global economy, as well as promoting long-term, sustainable and responsible investment strategies.
“We are honored to become a member of the Investor Leadership Network, and we recognize the collective strength and potential of this collaboration,” said Will Hetherton, head of corporate affairs at the Future Fund, in a statement.
“We look forward to working closely with the Future Fund and leveraging their expertise to drive tangible progress across our focus areas,” said Amy Hepburn, CEO of the ILN. “Together, we will pave the way for a more resilient and sustainable economy, and we welcome the Future Fund’s contributions to this critical mission.”
The Future Fund currently manages more than $166 billion in assets, according to the press release.
The Investor Leadership Network was launched at the 2018 G7 Summit. The network has three main initiatives: private capital mobilization—funding climate transition in developing and emerging markets; promoting diversity, equity and inclusion; and addressing climate change. The initiative is led by 13 global institutional investors that manage a combined $10 trillion in assets.
Other members – both asset managers and pension fund investors – include Alberta Investment Management Corporation, Allianz, Ardian, CPP Investments, CDPQ, Ninety One, Nordea Asset Management, Ontario Municipal Employees’ Retirement System, Ontario Teachers’ Pension Plan, the Canadian Public Sector Pension and State Street Global Advisors.
Tags: Amy Hepburn, Future Fund, G7, Investor Leadership Network, Will Hetherton