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For the Northern Trust Asset Management entities included in AUM total, please see disclosure at end of this document. Tweet me: @NorthernTrust shares an open letter from Julie Moret, Global Head of SustainableInvesting and Stewardship. KEYWORDS: NASDAQ:NTRS, Northern Trust, esg investment. Read it here: [link].
DESCRIPTION: This article first appeared in SustainableInvestment: [link]. Sustainability disclosure and client demand is fundamentally changing how fund management teams operate. We can develop these qualities within your existing teams too. By Ian Povey-Hall. SOURCE: Acre. Here's how.
DESCRIPTION: CHICAGO, December 2, 2022 /3BL Media/ - United Airlines announced a strategic equity investment in Natron Energy, a battery manufacturer whose sodium-ion batteries have the potential to help United electrify its airport ground equipment like pushback tractors and operations at the gate.
Misser welcomed the change in mindset related to sustainability globally, with business recognizing the value of sustainabilityinvestments, knowledge, and impact. Amy Springsteel , also welcomed the addition of the Guidance document. “ AccountAbility CEO, Mr. Sunil (Sunny) A. Springsteel said.
The goal was to scale our impact without rebuilding existing infrastructure: Resolution Project had developed a proven fellowship model supporting young social entrepreneurs, while Enactus had built a powerful international network and comprehensive education programs. We knew the path wouldnt be simple, and it hasnt been.
Consistency across documentation Additionally, the report found that the language used in fund documentation varies significantly based on type. Research by the European regulator shows that ESG-related named fund s attract more inflows , raising concerns about potential greenwashing.
“We are putting our 1 billion square foot portfolio to good use for our customers every day,” said Prologis Chief Energy and Sustainability Officer Susan Uthayakumar. Prologis is working with our customers to develop and implement advanced energy and climate solutions. About Prologis Prologis, Inc.
The European Supervisory Authority (ESA) proposed creating two fund categories, one for sustainable funds and another for transition funds, while the European SustainableInvestment Forum (Eurosif) suggested introducing three categories. ESMA is expected to publish further SFDR guidance and a Q&A document next year.
GRI was pleased to host its own event, Aligning Private Sector Disclosures with the SustainableDevelopment Agenda- Launch of Carrots & Sticks Report , during the UN General Assembly and Climate Week NYC.
The SFAC compiled the report after it assumed responsibility for creating a green taxonomy after the Canadian Standards Association, a non-profit industry body, failed to reach consensus among fossil-fuel and investment-industry representatives in 2020. On this point, the report is weak, and more work needs to be done.
Timo Pfeiffer, chief markets officer of Solactive, comments: “In Partnering with NTAM, we designed indices that may offer suitable ways to diversify portfolios in all market environments with indices that target high sustainability standards. We are pleased to establish this partnership with NTAM.”. link] @NorthernTrust.
Switzerland’s Federal Council announced today that it will hold off on regulating greenwashing in the financial sector, allowing instead for the industry to monitor itself, following progress made by the sector’s associations in developing and implementing self-regulatory provisions.
To address this, on 1 November the Global SustainableInvestment Alliance (GSIA), UN-convened Principles for Responsible Investment (PRI) and CFA Institute published a report outlining aligned definitions for five terms: screening, ESG integration, thematic investing, stewardship, and impact investing.
Kate Mead | Investment Strategist—Equity Business Development Amelia Sexton, CFA | Director of ESG Strategy & Operations—Client Group Active management can help investors address some of the especially tricky issues in sustainable equity portfolios. Third-party ESG metrics are useful but have well-documented flaws.
Over the course of this decade, however, regulations such as the European Union’s Sustainable Finance Disclosure Regulation (SFDR) and wider adoption of frameworks like the UN SustainableDevelopment Goals (SDGs) have been an impetus. Fixed income investors are also realising the size of the market gives them clout.
Sacha Sadan, FCA’s Director of Environmental, Social and Governance, said: “Confirming the new anti-greenwashing guidance and our proposals to extend the Sustainability Disclosure Requirements and investment labels regime are important milestones that maintain the UK’s place at the forefront of sustainableinvestment.
The document also includes recommendations aimed at establishing the EU Taxonomy as the sole reference point to be used to assess and measure sustainability performance, noting that the SFDR – which predates the Taxonomy – provides its own, more flexible, definition of sustainableinvestments.
Bradley’s’ participation in this leadership standard provides their customers access to diamonds with the highest level of transparency for origin, ethical stewardship, climate neutrality, sustainable production as well as sustainabilityinvestments all documented on individual certificates.”. bradleysjewellersyork.com.
The regulators also developed draft RTS incorporating new disclosures for financial products regarding GHG emissions reduction targets, applying to products that have emissions reductions as their investment objective.
Renewable energy is core to the implementation of SDG 7 (access to affordable, reliable, and sustainable energy) and SDG 13 (urgent action to combat climate change). billion around the world who lack access to electricity. The draft report was released on January 15, 2019, and is available for public consultation until April 15, 2019.
Our equity teams manage global and regional products that span developed and emerging markets. Talented, autonomous teams are backed by a distinctive and supportive investment culture. With stewardship at the heart of our business, we employ long-term, original thinking to deliver sustainableinvestment returns.
Further, these reports illustrate key elements of our strong corporate culture, including sound risk management; fostering greater diversity, equity and inclusion; supporting associate well-being; advancing learning and development and prioritizing business ethics.”. Regions actively works to identify climate-related opportunities.
This interest is driven by new climate science findings and the strong performance of sustainableinvestments: In 2023, sustainable funds outperformed traditional funds , delivering an overall return of 12.6%, which is almost 50% higher than that of traditional funds. trillion in 2022, a 15% decrease from 2020.
First outlined in the UK government’s ‘ Greening Finance: A Roadmap to SustainableInvesting ’ report in 2021, the much-delayed SDR package of measures aims to combat greenwashing in investment managers’ products for retail and institutional clients.
Sachs | September 22, 2015 Land rights, both for individuals and for communities, are critical for achieving sustainabledevelopment. As the UN member countries begin to implement the new SustainableDevelopment Goals (SDGs), they should keep land rights in their focus, and measure and protect land rights in order to achieve the SDGs.
According to the European Securities and Markets Authority (ESMA) , the current framework needs to mature further to facilitate their sustainableinvestment journey. Last month, ESMA outlined recommendations for the European Commission.
In both the public and private sectors, this week saw incremental progress in support of sustainableinvestment objectives, rather than transformative changes. On this front, developments look promising with decisions taken at last week’s World Bank Group – IMF Annual Meetings in Marrakech described as the “ end of the beginning ”.
ESMA’s clarifications are being interpreted as requiring all investments made by an Article 9 fund to support its sustainability objectives. That may be a factor, but the real issue is the difficulty in defining sustainableinvestments. Morningstar’s Q2 2022 research highlights diversity of interpretation among managers.
Nasdaq’s ESG Advisory practice is staffed by former ESG investors and ESG ratings agency analysts, sustainability consultants with decades of collective experience as well as individuals who ran sustainability programs in-house at Fortune 500 organizations. 1 Not categorized as ESG products and services for financial reporting.
The EU watchdog plans to ramp up scrutiny of sustainable financial products, warning providers not to make “unsubstantiated” claims. The European Securities and Markets Authority (ESMA) has developed a new tool that will enable it to better identify cases of greenwashing in the investment management industry.
To tackle this, we found that sharing real-life success stories from our investments was helpful. We started documenting both financial and impact results and celebrating our small and big wins to inspire action at a larger scale. Leveraging Investment to Advance Global Climate Goals The entire world is grappling with climate risks.
The European Commission’s latest clarifications on taxonomy-alignment disclosure rules under the Sustainable Finance Disclosure Regulation (SFDR) are “painful” and require further explanation, according to legal and industry experts speaking to ESG Investor. . The content of this briefing is not exhaustive and does not constitute new policy.
They were the culmination of two years’ work, including the TPT’s Disclosure Framework, published in October to help companies develop robust transition plans as part of their annual reporting. At the core of the centre’s thinking is the integrated transition-planning ecosystem.
Alongside the TSP, the alliance has published a background document which further elaborates on its approach to, and perspective of, investment portfolio decarbonisation in the next five years.
Even the NGFS’s ‘orderly’ scenarios are less orderly, reflecting “climate policy delays and recent developments in energy markets”. Missing in action were long-awaited audit and pension reforms with the potential to boost investor confidence, protection and room for manoeuvre on sustainableinvestments. C goalposts ).
This includes Aberdeen Standard’s European Sustainable and Responsible Equity fund and the Vanguard SustainableLife 60-70% Equity fund. In Europe, the Sustainable Finance Disclosure Regulation (SFDR) has had a huge influence on the kinds of funds asset managers are developing and how they are then marketed, the report noted.
This includes the development of strong data flows, social factor frameworks, robust disclosures, supportive regulations, and collaboration to bolster social factor practices in the economy. Pension trustees are already required to develop and maintain an investment policy which includes financially material social factors by law.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including LSEG, ISS ESG, Mercer, ICE, Euroclear, Scoot Science, Tumelo, GoldenSource and more.
Four teams have been recognised at a regulator-run TechSprint event aimed at developing technological solutions to counteract greenwashing, boost trust in sustainable finance and improve accuracy of information for investors.
The Commission has finally given us clarity on the general orientation of the RTSs,” says Victor van Hoorn , Executive Director of the European SustainableInvestment Forum (Eurosif). . The finalised DR document outlines all 13 RTSs and provides an explanatory memorandum. Meeting new targets .
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including Bloomberg, Normative, Sugi, ISS ESG, FE fundinfo and MSCI. . Normative , a Swedish carbon accounting engine, and the Exponential Roadmap Initiative are developing a new emissions scoring framework.
These would require EU-domiciled funds with impact-related labels to meet an 80% sustainableinvestment threshold. Additionally, any fund with a sustainability-related label would be expected to ensure that 50% of that 80% threshold qualifies as sustainable under SFDR.
Inconsistencies are partly down to “misconceptions” about the “inherent complexity of sustainabilityinvesting,” he added. . To ensure increased cohesion in the development and marketing of ESG-labelled funds, regulators have been introducing – and increasingly now enforcing – new rules. .
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including Euroclear , Greenomy, GaiaLens, Eevery , ISS ESG , 2° Investing Initiative , Amundi Technology and Causality Link. Causality Link version 3.0
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