La pertinence des labels ISR dans le contexte de la SFDR et des mesures de l’AMF contre le greenwashing
Une marée de réglementations liées à l’ESG s’abat sur les investisseurs institutionnels. Avec l’introduction de SFDR et les obligations de publication mises en place par l’AMF, se pose la question d’une possible obsolescence des labels ISR dans la lutte contre le greenwashing. Un phénomène qui inquiète de plus en plus les investisseurs et les régulateurs au vue de la croissance constante du marché des fond ISR. Pendant de nombreuses années, l’industrie s’est auto-régulée en s’accordant sur une définition générale de l’investissement responsable et/ou en se tournant vers les opérateurs de labels pour créer des standards de marché.
The Why and the How of Socio-Economic Impact Reporting
As CSR has evolved, companies have become accountable to more than just their shareholders. Stakeholders of all stripes are demanding greater accountability and transparency from organizations. Socio-economic impact reporting goes beyond traditional CSR to provide quantifiable evidence of a company’s positive socio-economic impact on its stakeholders.
ESG Spotlight Report - Race, Ethnicity and Public Equity: A Global Snapshot
Sustainalytics has published a new ESG Spotlight Series report, Race, Ethnicity and Public Equity: A Global Snapshot, which presents an analysis of racial and ethnic issues linked to listed companies’ operations, supply chains and the societal impacts of their business activities. Our research finds that although a growing number of firms are disclosing diversity and anti-discrimination initiatives, management gaps persist and related controversies are on the rise.
Sustainable Finance Insights - Climate Adaptation, Biodiversity, Natural Capital, and More
In this monthly round-up of sustainable finance news, transactions, and regulations, Nick and Cheryl discuss the importance of biodiversity, demands for more sustainability reporting standards and answer listener questions.
Royal Dutch Shell Court Order Shifts Paradigm for Corporate ESG Accountability
On 26 May 2021, the Court of The Hague orders Royal Dutch Shell (RDS) to reduce CO2 emissions to a net 45% by the end of 2030 compared to 2019 through the Group Policy of the Shell Group. The order of a national (Dutch) court demands that a global company (RDS) fulfills its obligations under the Paris Climate Agreement, although RDS was not a party in that agreement, and there is no legal equivalent in The Netherlands. What are the broader consequences of this order, also globally and for other companies and potentially also other jurisdictions?
Asia Pacific: Navigating the EU SFDR Regulations
The EU Action Plan raises the bar for transparency and accountability on sustainable finance and the investment management industry. Hear from Sustainalytics' Anne Schoemaker, Associate Director, Product Strategy and Development and William Ridout, Senior Product Manager, for an insightful event for Asia Pacific investors focusing on EU Taxonomy and Sustainable Finance Disclosure Regulation (SFDR).
New Draft Disclosure Rules Change Timelines and Scope of EU Taxonomy
In recent months, a lot has been said and written about the EU Taxonomy, the green classification system of economic activities that aims to drive capital flows to sustainable investments supporting the EU’s policy goals on climate and the environment. Political, corporate, and civil society lobbying reached its peak when the EU published draft rules last December, which deviated substantially from expert recommendations. However, the latest draft delegated act with rules on Taxonomy reporting published by the European Commission on May 7th has received far less attention even though some of the proposed changes affect the practical implementation timelines as well as the scope and ambition of the regulation.
Les points communs entre la réglementation française et européenne en matière d’ISR
Quand les nouvelles réglementations sur les investissements durables et responsables (ISR) furent annoncées avec le « EU Action Plan », les institutionnels français n'ont pas cillé. Depuis l'accord de Paris en 2015, de nombreuses nouvelles obligations réglementaires liées à la publication d’information et à l’analyse ESG ont influencé les stratégies d’investissements responsables des institutionnels français. Le règlement SFDR qui est entré en vigueur le 10 mars dernier vient s’ajouter au cadre réglementaire local en matière de reporting.
ESG Disclosure and Performance in Southeast Asia
Strategically located at the centre of Asia Pacific, with a young population of more than 675 million across 11 countries, Southeast Asia is an economic block with one of the world’s fastest GDP growth rate. In recent years, the region has been attracting the attention of global investors. At the same time, in the context of responsible investing moving from a niche activity to the mainstream, research on the environmental, social, and governance (ESG) performance of Southeast Asia companies is limited. In this article, we have a deeper look at the ESG disclosure and performance of major Southeast Asia countries, focusing on the ASEAN-6 countries (Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines).
Unwritten Risks – The True Costs of Mispriced Climate Change
Research shows that Property & Casualty insurance underwriters are not accurately pricing climate risks, and US government policy and program decisions are proving to be unsustainable. In our most recent blog, Justin Cheng talks about the resulting premium pricing corrections in the wake of intensifying extreme weather events. With this trend, a significant number of US homeowners are unable to obtain property insurance while taxpayers take on the increased cost of climate risk.
Is there a price to be paid for ESG Investing?
With a growing awareness around sustainability issues and accelerating regulatory developments in Europe, sustainable finance is one of the most significant talking points of our time. But what does sustainability investing mean for stakeholders and what are the resulting challenges? What’s more, what kind of impact does this have on a company’s mid to long-term strategy as well as its short-term profitability? By bringing together representatives from the regulatory side, the financial industry, the non-financial industry and an independent advisory firm, we aim to take a closer look at the consequences for the corporate world and answer a key question - is there a price to be paid for investing in ESG companies?
Nutrien Proves the Socio-Economic Impact of Its Indigenous Engagement Strategy
Read how Nutrien, the world’s largest provider of crop inputs and services, used Sustainalytics' Socio-Economic Impact Report to quantify the social and economic impact of their sustainability efforts, particularly supplier diversity efforts.
Banks Embrace Corporate Culture as Change Agent
Corporate culture is not automatically positive, and elements of a company’s culture may provide certain benefits or disadvantages to a firm’s competitiveness. When acknowledged, corporate culture can be used as a tool to drive better business outcomes and manage conduct and compliance risk. Our discussions with companies show that corporate culture can have a dominant effect and influence behaviour over and beyond stated company policies and programs.
2020 Material Risk Engagement Annual Report
Material Risk Engagement helps investors promote and protect their long-term value by engaging with high-risk companies on their financially material ESG issues. This inaugural Material Risk Engagement annual report covers ten months since its launch in March 2020. Read the report to learn more about:
