UNEP FI Asset Management Working Group The - UNEP Finance ...

More documents

Recommendations

Info

* Investment consultants and asset managers have a duty to proactively raise ESG issues within their advice and services to institutional investors-and that an investment option that takes into account ESG issues should be the default position. Global capital market policymakers should also make this duty clear. * ESG issues must be embedded in the legal contracts between institutional investors and their asset managers to hold asset managers to account, and that ESG issues should be included in the periodic reporting by asset managers. Equally, the performance of asset managers should be assessed on a longer-term basis and linked to long-term incentives. * Institutional investors will increasingly come to understand the financial materiality of ESG issues and the systemic risk it poses, and the profound long-term costs of unsustainable development and its consequent impacts on the long-term value of their investment portfolios. * Institutional investors will increasingly apply pressure to their asset managers to develop robust investment strategies that integrate ESG issues into financial analysis, and to engage with companies in order to encourage more responsible and sustainable business practices. * Policymakers should ensure prudential regulatory frameworks that enable greater transparency and disclosure from institutional investors and their agents on the integration of ESG issues into their investment process-as well as from companies on their performance on ESG issues. * Civil society institutions should collectively bolster their understanding of capital markets such that they can play a full role in ensuring that capital markets are sustainable and delivering responsible ownership practices. * Market incentives that reward long-term investment must be made to help create responsible and sustainable capital markets that would help identify future challenges in the financial system, reduce the chances of further crises and help avert a "Natural Resources Crisis"-and accelerate the transformational process to a green, inclusive and sustainable global economy. These issues will be discussed at the upcoming UNEP FI 2009 Global Roundtable taking place in Cape Town, South Africa on October 22-23 2009. Thematic discussions during the Global Roundtable will build around research and genuine ideas on sustainable finance including proposals on financing climate change mitigation articulated in the Green Paper - Financing Global Deal on Climate Change, reality check and promotion of integration of ESG issues in asset management, insurance, pension funds articulated in the Fiduciary II report, showcasing real-life effective ESG risk identification and positive sustainability impact of fund management complied through Environmental and Social Responsibility Observatory from across the globe, and much more. These issues will also be a major topic at GLOBE 2010 taking place in Vancouver, March 24-26, 2010. The Executive Summary of the report is available for download. SOURCE: UNEP-FI 42
July 2009 UNEP releases sequel to its landmark report on fiduciary responsibility UNEP: Fiduciary responsibility - legal and practical aspects of integrating environmental, social and governance issues into institutional investment (Jul 09) EUROPE - The United Nations Environmental Program Finance Initiative (UNEP FI) Asset Management Working Group has launched the much-awaited sequel to its landmark 2005 report, which has arguably been the single most effective document for promoting the integration of environmental, social and governance (ESG) issues into institutional investment. This follow-up report provides a legal roadmap for fiduciaries looking for concrete steps to operationalise their commitment to responsible investment. July 2009 UN Report on Fiduciary Responsibility Released; Sr. Analyst Jonas Kron Acknowledged for Contribution The United Nations Environment Program Finance Initiative (UNEP-FI) just issued its follow up report to the ground breaking “Freshfields Report.” ”Fiduciary Responsibility: Legal and Practical Aspects of Integrating Environmental, Social and Governance Issues Into Institutional Investment” is intended to provide tangible recommendations to fiduciaries and give them a legal roadmap with which to achieve their commitment to responsible investment. The report acknowledges the contribution’s of Trillium Asset Management Corporation Senior Analyst Jonas Kron. The report is another important step in encouraging the integration of environmental, social and governance (ESG) issues into institutional investment and management decisions. We are proud of our contributions to the report as a member of the legal team and look forward to continuing our support of similar efforts at the United Nations. The report can be viewed here. 43
Page 1 and 2: UNEP FI Asset Management Working Gr
Page 3 and 4: 17. Alternative Asset Adviser 22 Ju
Page 5 and 6: 49. Responsible Investor 2 Dec 2009
Page 7 and 8: Non-green asset managers could be s
Page 9 and 10: UNEP Report on Green Investments Wi
Page 11 and 12: UN-backed report says advisors and
Page 13 and 14: Speech/article, 15.07.2009 By: Mini
Page 15 and 16: This entry was posted on Thursday,
Page 17 and 18: This article is courtesy of www.ben
Page 19 and 20: Managers, U.N. Push For 'Responsibl
Page 21 and 22: July 21, 2009 Advisors Should Be Re
Page 23 and 24: ERISA requires ESG considerations,
Page 25 and 26: Advisers must proactively raise ESG
Page 27 and 28: July 22, 2009 UNEP Hones Legal Argu
Page 29 and 30: July 23, 2009 ESG Issues Should be
Page 31 and 32: Published on Pro Bono Australia (ht
Page 33 and 34: Is Responsible Investing a Must, or
Page 35 and 36: Manifest - The Proxy Voting Agency
Page 37 and 38: Report predicts legal threat if ESG
Page 39 and 40: The Report's Key Messages from the
Page 41: Invest Responsibly - It’s the Law
Page 45 and 46: KOREA CAPITAL MARKET INSTITUTE 45
Page 47 and 48: companies and sovereign wealth fund
Page 49 and 50: August 2009 Responsible Investing F
Page 51 and 52: This article is courtesy of www.ben
Page 53 and 54: Starting Fresh The first UN report
Page 55 and 56: ESG as a legal obligation? IPE.com
Page 60: September 2009 60
Page 69 and 70: October 02, 2009 Investment Advisor
Page 71 and 72: South African fund managers warned
Page 73 and 74: This research does not stand on its
Page 80: November 2009 Best practices in res
Page 88 and 89: Investment consultants starting to
Page 91 and 92: January 07, 2010 Despite Improvemen
Page 95:
Part II Policy & advocacy 21 July
Page 100 and 101:
14 August 2009 ESG disclosure lette
show all

UNEP FI Asset Management Working Group The - UNEP Finance ...

Create successful ePaper yourself

Delete template?

Save as template?