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Investment management firm Fidelity International announced that it has revised its sustainableinvesting framework, launching a new 3-tiered system categorizing funds by their level of ESG integration, citing an evolving ESG client and regulatory landscape.
Only 1% responded that sustainability is not material to long-term corporate strategy. Overall, only 37% of respondents agreed that their company’s board has sustainability expertise.
The ChiefSustainabilityOfficer (CSO) role has become an accepted part of the C-suite in recent years as regular sustainability reporting is now a best practice for the largest U.S. publicly-traded companies.
The ChiefSustainabilityOfficer (CSO) role has become an accepted part of the C-suite in recent years as regular sustainability reporting is now a best practice for the largest U.S. publicly-traded companies.
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including EQT, Aware Super, Candriam, Pensions for Purpose, M&G, Earth Capital, Impact Cubed, and Sphera. . Bradley Jones has been appointed Senior Investment Manager, and Kay Nelson joins as Financial Controller.
Fidelity International has made revisions to its sustainableinvesting framework to adjust to a changing ESG regulatory landscape, aiming to provide investors with greater transparency on its funds. Asset manager creates three new categories to provide greater clarity amid regulatory changes introduced through SFDR and SDR.
Dr Sarah Chapman, Global ChiefSustainabilityOfficer at Canadian insurer and investor Manulife, says investments in people and planet can be mutually reinforcing. Some are also identifying synergies with the natural capital investments they are making as part of their sustainableinvestment strategies.
Overall, the survey found that 78% of asset managers and 80% of asset owners globally expect assets in sustainable funds to grow in the next two years, with only 3% in each group expecting a decline in sustainableinvestment allocations or AUM over the same period.
To resist this pressure to scale back, decision makers need to discover and surface the submerged value of ESG investmentssecondary or follow-on benefits such as customer lifetime value gains, lower employee turnover, and more.
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