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Eurosif November Newsletter
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Allianz France, Australian Ethical, Aviva France, AXA, Citi, and Ircantec recognised at the International Climate Reporting Awards 
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Launch of the Climate Tech Compass, a new tool to help governments and investors align with the Paris goals 
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New advice for small, mid sized and individual investors

With the EU action plan on sustainable finance, sustainable finance is currently high on the agenda for German financial market players and increasingly becoming an indispensable aspect of investment choices: Not only sustainability pioneers but also large banks, fund companies and insurers gradually integrate ESG-criteria in their investment decisions.

However, especially small and medium-sized investors, such as church fund managers, charities, foundations as well as private investors or family offices, often lack time, resources and expertise to embrace the benefits of sustainability strategies in their investments.

The newly published brochure “Sustainable Investments – first aid for getting started?” provides background material, practical tips and gives an overview of different sustainable asset categories and investment strategies to successfully enter the sustainable finance market. The media response and feedback since release was overwhelming, which shows that there is still a high need for qualified information or advice on sustainable finance by small and mid-sized or private investors

Visit their website for the latest news here.

 

 French SIF polar bear continues its journey and awarded corporate duty of care

Last year, FIR has placed the sculpture of a starving polar bear on an iceberg in front of the historical Paris Stock Exchange, Palais Brongniart. This street marketing operation intended to engage retail investor: “you can act with your money”. This campaign was not only focused on climate issues but also emphasized topics such as biodiversity, gender equality, employment or human rights (www.exigez-isr.com). Since then, the bear have been travelling and was recently presented at PRI in Person and hosted at Avignon’s city hall.

For the second year, French SIF partners with its member A2 Consulting to award one of the 40 largest French company for its supply chain vigilance plan. Orange was awarded in 2018 for the first year of implementation of the French duty of care law. The 2019 awardee will be unveiled during a ceremony at the French Parliament January 9th. FIR and A2 consulting also produced a guidebook on ESG risks and Supply chain. This guidebook is being translated in English and will be widely available before the end of the year (contact@frenchsif.org).

Climate Change, EU, Third Sector and Pension Funds: Highlights from the 8th Italian SRI Week

The 8th edition of the SRI Week took place from 12 to 21 November 2019, in Milan, Rome and Naples. The initiative was promoted by ItaSIF and it included 13 events.

The SRI Week kicked-off in Rome with a conference on climate change. A survey on how environmental issues affect the choices of Italian retail investors was presented; key findings were discussed by top-level representatives of companies, finance players, and international organizations.

19 November was Europe day: the conference digged into the implications of the EU Action Plan on the Italian finance industry. A handbook was presented, which was written by ItaSIF as a follow-up to a multi-stakeholder Working Group.

Another highlight of the SRI Week was the event dedicated to the Third Sector: the conference featured the presentation of the final report on a project aiming at bridging the gap between the finance industry and not for profit organizations.

ItaSIF also presented an analysis on the progress of Italian financial regulation in light of the Paris Agreement: the report was prepared for the Finance Fit For Paris - Tracker (3fP -Tracker), a research tool developed by Frankfurt School-UNEP and WWF Germany in order to study the evolution of national financial regulations.

This year for the first time the SRI Week went in Naples with a conference organised in collaboration ItaSIF network of Universities.

On 21 November the closing event took place in Rome and was dedicated to the presentation of the fifth edition of a study on the SRI policies of pension funds: this year marked a turning point, since the sample was expanded and the questionnaire restyled in order to better capture the evolution of the industry.

SRI Spainsif Meeting about Implications of sustainable investment in the Spanish insurance sector 

Insurers are overexposed to ESG criteria because of their role as asset manager, investors of their technical reserves and also as companies. The SRI Spainsif Meeting explored the relevance of the sector on the impulse of sustainable investment in Spain. 

The insurance sector is getting prepared for a new scenario in which environmental, social and governance criteria is every day gaining prominence. To analyze how insurers are managing such a big change, Spainsif, in cooperation with Afi, has organised for the first time, an exclusive session devoted to that sector. 

Joaquín Garralda, president of Spainsif, noted at the inauguration the importance of ESG criteria for insurers as it will be affected by sustainability considerations on three areas: “First of all, as financial asset managers. Secondly, as investors of their own technical reserves. And, thirdly, as companies which are significantly exposed to ESG risks in the coverage of their insurance investment offer (to their investors) .

Iratxe Galdeano, Afi’s partner, noted that “insurers must take a strategic approach to holistic integration of sustainability in the company, including those aspects of governance, policies, procedures and risks, as much as sustainable insurance solutions.
 
Carbon markets topic still favourite at London Conference

On 19 November, UKSIF members discussed topics like: 
  • Just hot air? The role of carbon markets in getting to net zero

  • Making or breaking the banks?  Climate and sustainability challenges and opportunities

  • Responsible sovereign bond investing: Data, methods & tools

  • Climate risk: Are we really making progress?
Attendee feedback included: 

 “I was particularly impressed by the range of topics covered - please keep that up!”

 “I was impressed by the quality and experience of all the speakers and also of the attendees. I felt this encouraged some excellent and challenging questions.”

In the lead up to COP and beyond, carbon markets and climate risk remains the hot topic for our audiences:

“My favourite session was the role of carbon markets in getting to net zero. I found this very educational."

 “The role of Carbon Markets in getting to net zero, was the most interesting to me as it did explain easily the mechanism at play and gave a pretty good view on the dynamics at play for the next 4/5 years”

“Climate Risk! Interesting comments from Mark Campanale. Took away the barriers still faced - makes a change from greenwash.”

Join us and keep up to date with UKSIF news here.

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