A growing trend in the market amongst climate-aware institutional investors is a commitment to align their investment portfolios with the Paris Agreement, and contribute towards the goal of net-zero global emissions by 2050. To help investors achieve these objectives, the Institutional Investors Group on Climate Change’s (IIGCC) Paris Alignment Investment Initiative, supported by 70 European investors […]
Tag: sustainable finance
Top 5 Takeaways from PRI’s First Year of Mandatory TCFD Reporting
PRI’s first year of mandatory climate reporting has shed light on the quality of disclosures by its investor signatories – asset owners and investment managers. One-fifth of these signatories chose to make their disclosures public and a quarter carried out scenario analysis. Non-European players were among the top 10 markets reporting on climate-related indicators. While […]
ESG and Sustainability Funds Resilient in the Face of Non-Traditional Risks
Throughout the ongoing COVID-19 crisis, major investment funds set up with ESG and sustainability criteria are outperforming the rest of the market, utilizing their experience with non-traditional risks. S&P Global Market Intelligence analyzed 17 exchange-traded and mutual funds, with more than $250 million in ESG-related assets under management, and found 12 of the 17 ESG funds […]
Climate Transition Increasing Risks for Unprepared Investors
The COVID-19 crisis is reinforcing for companies and investors the importance of preparing for global systemic risks. While it is difficult to foresee a global pandemic, investors should not be surprised when the well-documented risks of the global climate crisis impact their investment portfolios. In a recently published Manifest research paper for the University of British Columbia, […]
Updated Guidance Helps Limited Partners Implement Responsible Investing
Responsible investing is on the rise, however, investors face continuing challenges, including misconceptions, to implement responsible investing in private equity. A recently updated Principles for Responsible Investment (PRI) guide designed for limited partners – from venture capitalists to secondary investors – aims to address these challenges. Responsible investing is growing because of greater industry awareness and understanding of core environmental, […]
New EU Taxonomy Aims for a Rapid Increase in Sustainable Investing
Investor demand for sustainable investments is growing, but the exact definition of sustainable has traditionally relied on self-reporting or industry standards, creating confusion and a lack of traceability for investors. The new European Union taxonomy, released in early March, aims to assist investors and companies by providing a common language for sustainable activities. By providing a […]
Top 5 Takeaways from the PRI’s Leading Conference on Sustainable Finance
Last week, Manifest’s Joy Williams and Laura Zizzo attended, along with 1,700 participants, the annual PRI in Person conference: “Responsible investing in an age of urgent transition.” The Principles of Responsible Investing (PRI) is an investor initiative in partnership with the UNEP Finance Initiative and the UN Global Compact. PRI signatories pledge to implement six principles […]
Businesses Will Miss Opportunities Waiting for Government Action on Sustainable Finance
In June, the federal government’s Expert Panel on Sustainable Finance released its final report, comprised of 15 recommendations for how Canada can build a stronger, greener and more resilient economy. We welcome the report and appreciate the hard work the four volunteer members of the panel did in just over a year. The expert panel had […]
Takeaways from the NY State Common Fund’s Decarbonization Advisory Panel Work
The New York State Common Retirement Fund (Fund) the third largest pension plan in the United States, recently published their Climate Action Plan following the recommendations of their first ever Decarbonization Advisory Panel. The panel was charged with recommending how to prepare the $210 billion Fund to identify and manage the risks of a changing climate and […]
Bank of Canada Lists Climate Change as a Risk to Canada’s Economy
On Thursday, the Bank of Canada released its 2019 Financial System Review, and for the first time it listed climate change as one of the main risks to Canada’s economy and financial system. The inclusion of climate change as one of six vulnerabilities listed in the Financial System Review (FSR) comes a few weeks after the Bank […]