Companies ranked in the bottom 50 per cent of ESG performance are significantly more likely to attract activists’ attention, according to the findings of Alvarez & Marsal’s (A&M) latest analysis and predictor of shareholder activism in Europe, the A&M Activist Alert (AAA).
ESG & Responsible Investing
It is becoming increasingly clear that private equity investors are training their sights on how GPs think about ESG issues. The degree to which they engage on the topic, and their approach to influencing portfolio companies, is now firmly entrenched in manager selection and it is a trend that is not likely to reverse anytime soon.
More than two thirds (67 per cent) of senior leaders within the alternative investments industry think regulatory bodies are not doing enough regarding Environmental, Social and Governance (ESG) regulation, according to the results of a new survey by Duff & Phleps.
CFA UK’s Certificate in ESG Investing, the first qualification of its kind in the UK, will be available to investment professionals from December.
Mirova Natural Capital wholly owned by sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, has held the second close of the Althelia Sustainable Ocean Fund (SOF), a fund dedicated to making pioneering impact investments into marine and coastal projects and enterprises that can deliver sustainable economic returns in fisheries, aquaculture, associated seafood supply chains, ocean waste & recycling and marine conservation.
DC Advisory and its parent company Daiwa, have entered into a 50:50 joint venture agreement with renewable energy specialists Green Giraffe.
Resonance British Wind Energy Income II, an authorised, close-ended investment fund focused on the wind farm sector in the UK and Ireland, has been launched as a Guernsey Green Fund.
Natixis and EDHECinfra have launched a new three-year research chair, directed by the same team that created an unlisted infrastructure indexing platform, to create useable, comparable documented measures of the impact and risk profile of social and environmental factors on infrastructure investments.
A major global study has found ESG adoption is rapidly gaining traction among sovereign investors and Central Banks. The Invesco Global Sovereign Asset Management Study, which surveyed 139 individual sovereign investors and Central Bank reserve managers, showed nearly two thirds (60 per cent) of sovereigns now incorporate a top-down ESG policy – up from 46 per cent in 2017.
Cartica Management, a majority women-owned active investor focused on improvements in corporate governance, environmental, and social factors in the emerging markets, has appointed Kate Ahern as Managing Director of ESG and Sustainability.