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institutional investors, and 91 percent across six global markets, expect their firm to increase prioritization of ESG as an investment criterion, according to a recent Edelman Trust Barometer survey of institutional investors. Fully 96 percent of U.S. Three in four U.S. The explosive growth of green finance makes sense.
While some investments are neutral (deemed neither “clean” nor “dirty”), in many cases these companies are still investing most of their capital into assets that will either lock in further GHG emissions or become stranded assets as the energy transition takes shape. For instance, 87% of oil giant BP’s 36.5-million-tonne
ESG portfolios not only have outperformed traditional financial assets this year, but also a data analysis prepared by Morningstar, a financial advisory research firm, concluded that almost 60 percent of sustainableinvestments delivered higher returns than comparable funds over the past decade.
Sustainableinvesting firm Mirova announced that it has been selected to manage “Objectif biodiversité” a new fund launched by a consortium of French institutional investors, targeting investments in businesses transitioning to sustainable business models and in innovative solutions for biodiversity preservation.
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including CDP, Loomis Sayles, UKSIF, Built by Nature, Arcadian AM, London Pensions Fund Authority and PLSA. I am extremely proud of what we have achieved at CDP over the past 21 years.
The depth of her technical expertise and wealth of experience progressing sustainableinvesting makes her ideal to drive our sustainability strategy forward.” In addition, she chaired the CDP Ireland Network, launched the 30% Investor Initiative Ireland on Diversity and contributed to Ireland’s Climate Action Plan.
Associate, Corporate Engagement at CDP. Investments Leadership Development Program at Columbia Threadneedle Investments, U.S. Many have cited the past year as an inflection point for sustainableinvesting. Betty Cheong. Finance is essential for advancing a clean, more just economy.
ESG Investor’s weekly round-up of new hires in the sustainableinvesting sector, including Science Based Targets initiative , Chronos Sustainability, WTW, Aviva and Actis. The Science Based Targets initiative (SBTi) has appointed its first CEO, Dr Luiz Fernando do Amaral.
So, when the Carbon Disclosure Project (CDP) reports that just 100 companies are responsible for 71% of world GHG emissions, shareholders are highly motivated to advocate for effective counter measures. We now expect these exchanges on carbon offsets to increasingly feature in proxy votes. Location: New York. Satyajit Bose.
Måns Carlsson OAM, Head of ESG, Ausbil Investment Management Limited. Eric Nietsch, Head of SustainableInvesting, Asia, Manulife Investment Management. Monica Bae, Regional Lead, Capital Markets (APAC ex-JP/CN/IN), CDP. Matthew Chan, Head of Sustainability & ESG Engagement, Asia Pacific, JP Morgan.
Banks will often have dedicated senior resource in the role of Head of Sustainability Reporting or Head of Sustainability disclosures, supported by specialist reporting teams looking at specific frameworks like TCFD, TNFD, CDP and GHG Protocol.
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including AXA IM, Macquarie AM, Pollination, Sphera, ISSB, and CDP. . AXA Investment Managers (AXA IM) has announced the launch of the AXA IM Investment Institute, with the appointment of Chris Iggo as Chair.
In 2022, CDP saw participation from more than 18,600 companies disclosing their data on climate, with nearly 4,000 contributing data on water security, and over 1,000 on forest-related matters. trillion. The disclosure platform’s alignment with the TNFD framework is expected to be completed by 2024.
The good news is that the region is also home to a growing number of corporate sustainability leadership companies. . Three of four APAC companies responding to the CDP survey say they have identified climate risk as maybe having substantive impact on their business and 60% of these are transition risk. TOP STORIES.
Republic Services is on Barron’s 100 Most Sustainable Companies list and CDP Worldwide’s Climate A List. For every ton of greenhouse gas Clean Harbors generates from operations, it avoids another two tons.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including GRI, Sustainalytics, ISS ESG, CDP, Diginex, Esgaia and Normative. .
” Julie Gorte, Senior Vice President for SustainableInvesting at Impax Asset Management, advises asset owners to consider the upsides of this challenging and complex transition. There’s going to be a lot of wailing, moaning and outcry about how much it’s going to cost to find solutions or to phase out plastics,” she says.
The Valuing Water Finance Initiative (VWFI) is coordinated by US sustainableinvestment network Ceres and is partly modelled on Climate Action 100+, the investor-led global grouping which engages with the most carbon-intensive corporates. . By signing up to the VWFI, 64 investors with combined assets of US$9.8
Emissions reporting standards and frameworks, such as the sustainability disclosure platform CDP and the Task Force on Climate-related Financial Disclosures (TCFD), are increasingly widely used to communicate corporates’ CO2 output, as well as investor-backed assessments such as the Net Zero Company Benchmark, conducted by Climate Action 100+.
Increasingly, however, we see that loop between the trustee and the manager closing, with the CIO getting a clearer mandate from trustees on their sustainableinvestment priorities and providing a more granular steer to asset managers on their expectations.”. Deeper ESG insights desired.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including the Green Finance Institute, FTSE Russell, Glass Lewis, GRESB, NatureMetrics and more. Funding from the GCAA is helping train companies in disclosing their impacts and dependencies on nature, in conjunction with CDP.
“Biodiversity in rural England is clearly not the same as a Brazilian biome, and [companies in each region] have vastly different potential risks and impacts,” notes Aela Cozic, SustainableInvestment Analyst and Portfolio Manager at UK-based investment manager Fidelity International.
By transparently disclosing climate risks and demonstrating proactive management strategies, businesses can strengthen their reputations, attract sustainableinvestments, and foster long-term relationships with key stakeholders. Climate scenario analysis is a vital step in enhancing stakeholder confidence and trust.
However, according to the reports findings, only 6% of environmental and social proposals are successful, suggesting that shareholder voting has only limited influence in the pivot towards sustainableinvestment. But the volume of engagements makes it hard to be heard above the noise.
This week in ESG news: CFA Institute launches climate investing certification; BlackRock invests $550 million in carbon capture project; CDP to align with European sustainability reporting standards; KKR raises nearly $3 billion for impact fund; France bans fossil fuel companies from responsible investment funds; GRI, IFRS launch hub to help companies (..)
Employees are seeking safety, security, and stability; regulators seek to ensure their communities are protected from contamination and competition for resources; investors are seeking “sustainableinvestments” and projects; and business leaders must protect and grow their organization in an ever-changing global economy.
Financed emissions are the share of operational emissions from the companies under an institution's investment/lending portfolio, with methodologies such as PCAF or JIM providing a system for measuring these emissions. Clearly much more needs to be done to pivot towards more sustainableinvestment and lending practices.
DWS whistle-blower Desiree Fixler has criticised European Supervisory Authorities (ESAs) for not reaching out to her regarding their investigation into greenwashing in sustainableinvestment, while other consultation responses focused on ESG rating agencies, harmonisation, and definitional nuances of greenwashing.
That means working closely with our fellow SASB standard setters, as well as the Global Reporting Initiative (GRI) , Taskforce on Nature-related Financial Disclosures (TNFD) , and CDP , Sebrell said. The ISSB is currently digesting feedback following roundtables with investors and other stakeholders, Sebrell revealed.
SustainableInvestment and ESG ratings. The rise of intangibles that are much more sensitive to environmental and social issues has played a crucial role in the growth of investment which considers Environment, Social and Governance factors (ESG investment). Benefits of ESG ratings for Investors and Companies.
CDP said that it “advocates for a globally aligned approach” to ESG ratings and data products regulation utilising a “global baseline” founded on IOSCO’s guidelines. CDP added that the code is an “important step” towards supporting the transition to a “more transparent and sustainable” financial market.
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including Aviva Investors, T Rowe Price, EQT, Nuveen, M&G, ICI Global and SBTi. Sam Tripuraneni has been appointed Head of Sustainable Outcomes at UK-based global asset manager Aviva Investors.
In its recent report on environmental disclosures by firms in Southeast Asia, covering climate, water and deforestation, disclosure platform CDP found a 25% increase in forest-related disclosures, with growth rates in the region outstripping global trends.
At Ceres Global in New York City, 250+ investors and businesses launched a call for policymakers to protect the freedom to invest responsibly, following recent political attempts to frustrate sustainableinvestment practices.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including Climate TRACE, MSCI, EcoAct, Deloitte, Persefoni and Deepki. . The template is further supported by a coalition of market stakeholders including CDP, the ESG Data Convergence Initiative and the Loan Market Association.
This reflects the normalization of responsible investment activity following five years of rapid growth, during which nearly every asset management firm rushed to acquire ESG data to comply with regulatory requirements and launch sustainableinvestment products.
Moreover, companies will use voluntary frameworks and surveys such as GRI, SASB, CDP, UNGC, and Ecovadis to answer requests from customers, investors and other stakeholders. Among investors, sustainableinvesting is evolving from negative screening toward engaging with companies.
FCA confirms sustainability disclosure and labeling regime The Financial Conduct Authority (FCA) has issued a policy statement setting out its final rules and guidance on Sustainability Disclosure Requirements (SDR) and investment labels.
With firms only being “required” to disclose, “it will now be up to individual governments to implement policies that ensure this happens and we hope that this will be through enforcing mandatory disclosure on nature,” said Helen Finlay, Global Associate Director for Policy Engagement at environmental disclosure platform CDP.
Management of nature-related risks, impacts and dependencies could soon become central to asset owners’ sustainableinvestment strategies. A recent analysis of submissions by 675 large companies to environmental disclosure platform CDP found that 211 businesses faced forest-related risks of US$79.2
Investment industry bodies have underscored the need for double materiality in response to the UK government’s consultation on non-financial reporting.
Pietro Bertazzi, Global Director of Policy Engagement and External Affairs at environmental non-profit CDP, had previously warned ESG Investor that the various ESG ratings rules published in different jurisdictions risk a “potential fragmentation” in the regulatory architecture of ESG ratings and data products “at the global scale”.
On the other hand, sustainability and climate change have never been so much in focus. In 2020, more than 9,600 companies disclosed their environmental impacts through the non-profit CDP platform. It represents a growth of 14% from last year and sets a record on the number of CDP environmental disclosures. Conclusions.
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