This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The award, which recognizes high-impact research in sustainable finance, was presented to Stefano Giglio (Yale School of Management), Theresa Kuchler (NYU Stern), Johannes Stroebel (NYU Stern), and Xuran Zeng (NYU Stern).
While investors appear to continue to focus on sustainability issues in their decision-making, the survey indicated increasing concerns about greenwashing risk, with 94% reporting that they believe corporate reporting on sustainability performance contains unsupported claims, up from 87% in the prior survey, and including 79% who said the unsupported (..)
Article 9 funds are considered the most sustainable, requiring portfolios with 100 per cent sustainableinvestments. The advantages of Article 9 funds lie in their ability to provide clear signals to investors regarding their commitment to sustainability.
In particular, many states have enacted laws or other policies requiring state entities to integrate sustainability factors into their investment policies, processes and decisions. For instance, Illinois enacted the Illinois SustainableInvesting Act in 2019. Legislators in New Jersey have introduced a similar bill.
This presents a compelling addressable market, argued Matt Christ, Portfolio Manager in Fixed Income at Ninety One. Yet, many institutional investors remain reticent to invest in developing economies. Closing the gap Both public and private credit will be needed to address financing needs, Christ explained.
Notably, the alternative space includes investments that span the ESG spectrum, from impact investments to green infrastructure, indicating a preference for ESG-earmarked capital to be invested along more traditional lines. Engagement to the fore.
One might expect governance ratings to change over time rather than overnight,” said a sustainableinvestment analyst at a large UK-based asset owner. . Any decision made to disengage or divest must be done in a responsible fashion, including scrutinising for any unintended human rights consequences.” .
Engagement and divestment both have a role to play The engagement versus divestment debate has been ongoing in the investor community. Studies have shown that divesting really works, both to cause the stock prices of climate-damaging stocks to fall and to create additional financial value.
At the start of 2021, leading investors openly recognize that climate change presents a massive systemic risk and a multi-trillion-dollar opportunity. With increasing public, government and shareholder attention on climate, here are three ways sustainable finance leaders will emerge in 2021. Align proxy voting with climate goals.
The influence of sustainability-minded investors can be seen in divestment strategies of both state- and privately-owned debt issuers. Divestment is typically a last resort. . Many high-emitting miners and oil and gas companies are pushing their fossil fuel assets to private markets,” says Spavieri. .
Sustainableinvestment opportunities and risks are slowly beginning to emerge as Europe outlines its plans to rearm. The EC presented its Readiness 2030 white paper, outlining its strategic priorities for rebuilding Europes defence capabilities, and provided more detail on its 800 billion (US$867 billion) ReArm Europe plan.
Republican denunciations of sustainableinvesting are an absurd caricature of the industry, but they have helped to expose the confusion and lack of standardization in ESG assessments, making the industry and the money managers that rely on them vulnerable to attacks from both climate-concerned investors and business-as-usual conservatives. .
Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Sustainableinvestments have now reached $4 trillion. Dispel the myth that clean investing is about sacrificing returns. Source: CK) 1.
Meanwhile in the asset management sector, Legal & General Investment Management said it would divest from Russian sovereign debt and the manager has reduced total exposure to 0.1% of AUM or £1.3 billion. .
Students are also starting to pressure their universities to divest from border and surveillance companies. Countries are already dealing with massive movement of peoples due to war and conflict, and now increasingly climate disasters from outside their borders, and within.
We pursue a strategy of engagement rather than divestment. This introduction was hailed as a significant positive development by practitioners at the time, as it addressed the gaps and issues present in the EU Sustainable Finance Disclosure Regulation framework. How does that align with your climate policy? A – Stewardship.
Martin Buttle, Head of Good Work at NGO ShareAction says, given the estimates, “there is a very real chance that victims are present in the global supply chains” of investee companies. Divestment was the least selected due diligence action by both business and general respondents.
According to its analysis, private equity firms have snapped up oil, gas and coal assets worth US$60 billion over the past two years, many divested by listed firms in response to the environmental concerns of institutional investors. Removing impediments.
British businesses with over 500 employees and £500 million in turnover join pension funds with £5 billion or more in assets – and asset managers and insurers with a premium listing – in producing an annual report that explains how they are managing the risks and opportunities presented by climate change.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content