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Top 1000 Funds: Impact investment and its combination of financial returns and social or environmental purpose is beginning to move from fringe to the financial mainstream. It is part of a natural trajectory in the evolution of ESG investment first seen back in the 1800s when Quakers developed screens on slavery and tobacco investments. More recently, investors have focused on corporate social responsibility and today they have an increasing eye on impact combining intention and measurement.
Institutional Investor: The sheer volume of data available tracking companies’ environmental, social and governance standings has exploded in recent years. But the ESG conclusions that can be drawn from the information are still limited, according to a white paper published Thursday by Generation Investment Management.
Financial Times: When the private equity executive Lise Fauconnier led Ardian’s investment in logistics specialist Staci in October, acquiring a majority stake, it was not just another feather in the cap for an experienced investor with an impressive record. The managing director’s success was also another example of the efficacy of gender diversity in executive teams in buyout and growth operations. [Full article available to Financial Times subscribers.]
The Guardian: Here’s a good question for Larry Fink, the BlackRock billionaire, to address when he dispatches his lofty annual “dear CEO” letter in the new year. Is his firm guilty of “greenwashing”? In other words, is the world’s biggest fund manager, with an astonishing $7tn of assets under its roof, posing as a pioneer of climate activism while actually dragging its feet?
IPE: There is no doubt that the ideas behind ESG have become mainstream in the world of private equity. What the implications are though, and differentiating ‘greenwashing’ from truly positive impact investing, remain challenges for both investors and general partners (GPs).
IPE: More than a thousand Google employees have signed a public letter calling on the company to take bold action on climate change. They joined employees in other companies such as Amazon and Microsoft who published similar letters, calling their companies to take real action on climate change in response to the climate crisis.
IPE Real Assets: The term ‘stranded assets’ has long been used to describe oil, gas and coal reserves that need to be prematurely devalued due to their carbon-intensive properties. However, the term is increasingly being applied to other sectors with assets that are at risk of losing their value due to climate change.
Citywire: Legal & General Investment Management, Allianz Global Investors and UBS Asset Management are the three large-scale asset managers that strongly and consistently engage with companies to align their business models with the Paris climate targets.
Citywire: Lack of standardization in reporting and data was the leading concern, with 58% of those surveyed for the report viewing it as the biggest challenge. This is while half of the respondents saw the lack of relevant disclosures from clients as equally challenging.
HedgeWeek: ESG governance considers a number of factors that determine the sustainability and ethical impact of an investment. As such, greater regulation of ESG investments could help ensure they meet the standards required, ranging from a company’s energy use to how much pollution it creates.
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