- New Research: Global Public Investor 2020: Sustainable investment
Published by: BNY Mellon and OMFIF
Over 90% of global public investors have specific ESG (environment, social and governance) investment policies in place or are in the process of developing them, according to a new survey from BNY Mellon and the Official Monetary and Financial Institutions Forum (OMFIF).
In supporting the post-pandemic recovery, global public investors will have a chance to build on the momentum of the sustainability agenda of recent years. They are also motivated to adopt ESG criteria by the potential for superior risk-adjusted returns. However, they still face significant barriers in scaling up these efforts. These include complexity compared with traditional assets, insufficient data, and the difficulty of measuring the impact and non-financial performance of their ESG investment strategies.
- New Report: Engaging on methane: results of the PRI collaborative engagement
Published by: PRI
Between 2017 and 2019, the PRI coordinated a collaborative engagement on methane with the oil and gas and utilities sectors. Thirty-six global institutional investors, representing approximately US$4.2trn, engaged with 31 companies across the oil and gas and utilities value chain. The objective was to persuade companies to measure, manage and reduce their methane emissions. In addition, investors sought to improve company disclosure and their own understanding of methane risks.
This document presents the results of this engagement, summarising data on corporate improvements against the engagement’s scorecard over the course of the initiative. It is the third in a series covering methane, following the 2016 PRI and Environmental Defense Fund (EDF) report An investor’s guide to methane: engaging with oil and gas companies to manage a rising risk and 2018’s Setting the bar:Implementing TCFD recommendations for oil and gas methane disclosure, produced with EDF and Ceres.
- New Report: Carrots & Sticks – Sustainability Reporting Policy: Global Trends in Disclosure as the ESG Agenda Goes Mainstream
Published by: GRI
The Carrots & Sticks 2020 report, GRI’s flagship publication assessing the policy landscape for sustainability reporting, was launched on 22 July after a successful virtual Policy Dialogue.
This 5th edition provides an analysis of the latest trends in reporting provisions, covering 614 reporting requirements and resources (a substantial increase on the 383 assessed in the previous report in 2016) across over 80 countries, including the world’s 60 largest economies. A new addition in 2020 is insights and context gathered through interviews with policymakers, who give their views on good practices in phasing in ESG disclosure requirements.
- New Guidance: Linking the GRI Standards and HKEX ESG Reporting Guide
Published by GRIThis linkage document outlines the connections between the GRI Standards and Hong Kong Exchanges and Clearing Limited (HKEX) Environmental, Social and Governance Reporting Guide (ESG Reporting Guide). It is designed to facilitate the use of the GRI Standards when reporting on topics required by HKEX.
- New Report: Troubled Waters
Published by: Blackrock Investment Institute
The global pandemic has reinforced the importance of resilience in investment portfolios. This includes sustainability-related risks that investors may have been under appreciating, ranging from vulnerable global supply chains to health and safety issues. Blackrock believe increased asset flows into sustainable investing strategies in 2020 are part of a tectonic shift that could last decades.
Physical risks posed by climate events – ranging from hurricanes to wildfires – have captured growing attention in the investment community. Blackrock in their report have zeroed in on these risks in Getting physical of April 2019, painting a granular picture of the financial implications across municipal bonds, commercial real estate and U.S. utility equities.
In this piece, Blackrock extend their work on physical risks to water stress. What do we mean by water risk? One in four people globally live in regions at high risk of scarcity – with water demand exceeding supply – according to the World Resources Institute (WRI). This creates financial risks that investors today may not be pricing in. Examples include rising spending needs (to raise efficiency and meet tough regulations) and the cost of production disruptions (unavailability of water for agriculture or cooling power plants).
- New White Paper: Green Shoots in China: The ESG landscape
Published by: Mercer
With one of the largest and fastest-growing asset management markets in the world, actions taken by China’s government, regulators, asset managers and asset owners can have a lasting impact on global sustainability efforts. This article provides an overview of current policy and trends driving ESG practices among Chinese institutional investors and asset managers, highlighting key considerations for international investors in China’s capital markets.
- Online Event: AVCJ ESG Forum
Organised by: AVCJ
Date: 16th November
In the past year, it has become apparent that the integration of environmental, social, and governance (ESG) factors into investment strategies matters more than ever before. As ESG moves into the mainstream across the globe, Asian GPs can expect to feel the pressure from their LPs as the dialogue begins to shift. It is therefore crucial not to be left behind.
Co‐hosted by AVCJ and the PRI on 16 November in Hong Kong, the annual AVCJ ESG Forum returns in a hybrid format this year—combining a live in‐person conference with virtual and interactive broadcasts—to provide GPs with a deep dive into the latest trends and issues affecting ESG integration and impact investing around the world, and to foster dialogue and debate between GPs, LPs, and industry participants.
PRI signatories can receive a 10% discount upon registration, to receive the promotion code please email firstname.lastname@example.org.
Early confirmed speakers include:
- Megan Starr, Global Head of Impact, The Carlyle Group
- Suzanne Tavill, Global Head of Responsible Investing and Partner, StepStone
- Kevin Lu, Chairman, Asia, Partners Group
- Vikram Raju, Impact Investing Council Chair, Head of Emerging Markets & Climate Impact, Morgan Stanley AIP
- Kelly Christodoulou, ESG Investment Manager, AustralianSuper
- Huai Fong Chew, Regional Lead, Funds, East Asia & the Pacific, IFC
- Ana Lei Ortiz, Managing Director, Hamilton Lane
- David Russell, Head of Responsible Investment, Universities Superannuation Scheme
- Adam Black, Head of ESG and Sustainability, Coller Capital
- Steve Okun, ASEAN Representative, EMPEA
- Hannes Valtonen, Director of Compliance, Baring Private Equity Asia
- Katsuya Baba, Partner, Chief Administrative Officer, Advantage Partners
8. Webinar Recordings:
- PRI Asset Owner Series: The Asset Owner of the 21st Century, PRI
- ESG Disclosure Practice and Dialogue, CFA Institute, GRI and BEC
- When Family Office Meets ESG, FSDC
- The Impact of COVID-19 on Annual General Meetings, PRI
- Climate Action: Emerging Stronger from a Crisis, Eco-Business
- Investing in ASEAN: Three ESG Themes to Watch, MSCI
- ESG in Credit Webinar Series – ESG in Fixed Income, CFA Institute & Fitch Ratings
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