This Award is now biennial and nominations will open for the 2018 Award in March 2018.
CareSuper and ACSI are delighted to announce HESTA’s Josephine Toral is the winner of the 2016 Michael O'Sullivan ESG Rising Star Award.
Josephine received the Award in front of over 200 delegates during the ACSI 2016 Annual Conference on Tuesday 10 May.
An Investment Analyst – Unlisted Assets at HESTA, Josephine impressed the judges with her commitment to ESG integration both within her fund and more broadly throughout the investment community.
“Josephine is a great advocate for the importance of ESG issues," said Cate Wood, CareSuper Chair. "Michael O'Sullivan would thoroughly approve of her dedication to spreading the message."
ACSI President Gerard Noonan said it was important for a younger generation of superannuation professionals to take up the pioneering work of Michael in insisting ESG principles were interwoven in the risk profile of long term investments of member funds.
The Michael O’Sullivan ESG Rising Star Award was established to commemorate Michael’s legacy in the superannuation sector and in particular to the incorporation of ESG principles in the risk management of long term investing. The award aims to advance the ESG agenda through development of the next generation of ESG advocates and professionals within the profit to member’s superannuation sector.
As winner of the 2016 Award, Josephine will receive funding from CareSuper to attend the PRI in Person Annual Conference in Singapore, in September this year.
Michael O’Sullivan was ACSI President from its foundation in 2001 until 2011, Chair of CareSuper for three separate two-year terms, and Deputy Chair in the intervening years. He passed away in 2012.
Michael made a significant contribution to the advancement of corporate governance practices and representation of the ownership rights and responsibilities of Australian superannuation fund members. He was a pioneer in establishing a productive governance dialogue between companies and institutional investors in Australia, and a focal point for collaboration and action across diverse interests in the superannuation sector.
A passionate advocate, Michael called for all investors to confront the great moral and investment challenges of our times (in particular those associated with global climate change) and his influence and legacy extend far beyond Australia. His long tenure as a director of the International Corporate Governance Network (ICGN), tireless promotion of the United Nations-backed Principles for Responsible Investment, and active participation in the global P8 Group all left a profound mark on sustainable investment thinking and action at a global level.