LG 215

LG
OCTOBRE 2018
79
Pierre Ahlborn
According to the recently published UBS/
PwC Billionaires report, many millennials
inheriting billionaire wealth see business
success as a way of benefiting society. Their
view is that business goals must deliver not
only returns to the family, but also tangible
benefits to a wide group of stakeholders
– including employees, customers, and
society at large.
“While corporate sustainability has often
been criticised as “greenwashing”, young
billionaires are passionately committed to
their cause and we see this influencing the
sustainability objectives of our clients”, he
adds.
From illiquid to liquid
Gilbert Schintgen expects an increasing
trend towards impact strategies. Previously
this has been a challenge for institutional
investors, even though there is a clear
demand for investment strategies that have
a positive social and environmental impact.
“Traditionally, impact investing has been
concentrated in illiquid asset classes such as
private equity and private debt. Moves to
set up impact investing strategies into more
liquid assets have been controversial, mainly
because key impact investing criteria such
as “intent”, “measurement”, “verification”
and “additionality” are difficult to prove”.
However, new methodologies are being
developed to overcome these obstacles.
“Within our business we are working
extensively to mainstream impact investing
through our more liquid strategies such as
fixed income and publicly listed equities.
We’re doing this through the use of new
measurement techniques and strategic
engagement approaches designed to target
specific outcomes”, explains Mr Schintgen.
Strong demand for active as well as
passive funds
Demand for both passive and active
sustainable funds has been very strong.
“Growth rates in our sustainability
strategies have been over 75% annually
Copyright: Mike Zenari Copyright: Mike Zenari
Copyright: Mike Zenari
Gilbert Schintgen
Jacques Faveyrol