Global Canopy’s Post

InstitutionalAssetManager's newsletter this week brings you Gill Wadsworth on the asset managers calling for better #esg data on the world's oceans. In an open letter from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management, the firms state they lack the necessary information to help deliver on the Kunming-Montreal Agreement (2022) which set a target to protect large swathes of the world’s biodiversity by 2030. Wadsworth writes: "It appears that just as has been the case with other areas of ESG investment, the demand for action from policymakers precedes the delivery of information on which stakeholders can act." Read more here: https://lnkd.in/eKnQpbwU

Brazilian firm JGP has won Investor of the Year in Environmental Finance's 'Sustainable Debt Awards', due to its increased engagement efforts with companies to improve ESG factors. In the last year, JGP has had 190 meetings with companies, addressing deforestation as a key concern. Deforestation was discussed in the context of meatpacking, cosmetics, and banking. They also plan to provide income for 1,500 'agroextractivist' families who collect fallen fruit from palm trees in the Amazon. JGP is a signatory of several coalitions tackling deforestation, including Finance Sector Deforestation Action Initiative, the Investor Policy Dialogue on Deforestation Initiative, the Finance for Biodiversity pledge, and the FAIRR Initiative. https://lnkd.in/dKm5HSdj #Brazil #SustainableInvestment #Deforestation

Exciting Opportunity for Golden Visa Investors: AIM Forest Fund Dear Friends, We are thrilled to announce an exceptional opportunity tailored for Golden Visa investors seeking sustainable and impactful ventures. AIM Forest Fund presents a unique chance to not only invest but also contribute to environmental preservation and sustainable development. About AIM Forest Fund: AIM Forest Fund is a groundbreaking initiative focused on afforestation, conservation, and sustainable forestry practices. Our mission is to combat deforestation, promote biodiversity, and foster environmental sustainability while generating substantial returns for our investors. Golden Visa Investors: For Golden Visa investors, AIM Forest Fund offers a compelling avenue to fulfill investment requirements while aligning with your values of environmental stewardship. By participating in our fund, you not only secure your visa but also become a part of a transformative movement towards a greener and more sustainable future. Why Invest in AIM Forest Fund? 1. Environmental Impact: Your investment directly contributes to afforestation efforts, biodiversity conservation, and mitigating climate change. 2. Financial Returns: AIM Forest Fund offers competitive financial returns, ensuring that your investment grows while making a positive impact. 3. Transparency and Accountability: We uphold the highest standards of transparency and accountability, ensuring that your investment is managed responsibly and ethically. 4. Global Recognition: AIM Forest Fund is recognized for its commitment to environmental sustainability and impactful forestry initiatives. How to Get Involved: To learn more about this exciting opportunity and how you can become a part of AIM Forest Fund, please visit our website www.aimtoinvest.com or contact us directly at [email protected]. Our team is dedicated to providing comprehensive information and assisting you throughout the investment process. Join Us in Making a Difference: At AIM Forest Fund, we believe in the power of collective action to drive positive change. Join us in our mission to protect our planet's precious forests and create a sustainable future for generations to come. Thank you for considering AIM Forest Fund as your investment partner. Together, we can make a meaningful difference. Warm regards, Francisco Sottomayor Founding Partner AIM Forest Fund

Quote, "The other way of looking at it is that some large investors only sign up to initiatives like CA100+ when there’s a clear marketing benefit to doing so. Just a few years ago being a signatory of a group like CA100+ was seen as a badge of honor that was keenly touted in press releases and company reports. Today, membership has become a liability and those that were never truly committed to the cause are first to the exits." Companies reputation of course will suffer when they wear a label that is considered by some as serving a leftist agenda, very silly because protecting the environment is a must - but of course the supposed grand old party in the USA, the Republicans, will attack many ESG efforts because they mean by and large higher costs for companies. Christopher Hohn of TCI fame, a superwealthy fund manager, has an interesting take on the so-called "dirty economy". Link in the comment section.

From Greenwashing 🧺 to Greenhushing 🤫 After J.P. Morgan Asset Management and State Street Global Advisors quit Climate Action 100+, the world's largest investor group to fight climate change, the term Greenhushing is doing the rounds, according to Bloomberg. "One interpretation of their withdrawal from Climate Action 100+, the investor coalition that pressures major polluters such as ExxonMobil and Shell Plc to decarbonize, is that ferocious Republican attacks on ESG investing strategies in 🇺🇸 are prompting high-profile firms to try and downplay or disguise their sustainability efforts. And it’s certainly true that finance sector climate groups have been top targets for the ESG backlash. The other way of looking at it is that some large investors only sign up to initiatives like CA100+ when there’s a clear marketing benefit to doing so. Just a few years ago being a signatory of a group like CA100+ was seen as a badge of honor that was keenly touted in press releases and company reports. Today, membership has become a liability and those that were never truly committed to the cause are first to the exits. Mark Campanale, founder and director of Carbon Tracker, an energy transition research firm, is ready to give the asset managers the benefit of the doubt. He said the anti-ESG lobby has 'put the fear of God' into investors and that’s only going to get more extreme if Donald Trump triumphs in the US presidential election later this year. In this scenario, sustainability is going underground. 'Institutions will continue to embed sustainability because it’s a real risk, but they will do it without showing off or parading themselves,' Campanale said. 'It’s easier to go underground instead of showcasing big initiatives that draw the wrong attention. What we’re seeing now is greenhushing.' Others are less generous. Rebecca Self, a former senior green finance banker at HSBC Holdings Plc who now runs a sustainability consulting firm, said the departures lead her to question 'if there was ever a real commitment by these organizations to the overall goals of the alliances in the first place.' State Street Global Advisors, which manages $4.1 trillion, said Thursday that a revamp of CA100+ in which signatories are expected to take a more hands-on approach by requesting that companies 'move from words to action' was inconsistent with its stance on proxy voting and company engagement. JPMorgan Asset Management, which oversees $3.1 trillion, didn’t mention CA100+’s new strategy, saying it left the group because it has made significant investments to develop its own climate-risk engagement framework." (+++Opinions are my own. Not investment advice. Do your own research.+++) #markets #investing #money #wealthmanagement #esg Enjoyed this post? 👍 Like 💬 Comment 💌 Share 🔔 Subscribe My posts focus on the topics of manager selection, special situations investing and asset allocation.

Number 4 in the world! Again and again our responsible investment team is ranked among the top performers in the world, made possible thanks to our customers (if that is you, you can feel proud). There are absolutely challenges connected to sustainability however the opportunities are greater and with one of the largest responsible investment teams in the Nordics we are engaging and supporting change far beyond our country boarders. A couple of weeks ago our latest Responsible Investments report was published, here you can read more about e.g. our work to limit methane and PFAS https://lnkd.in/dJ_4PK-g #myNordea

At Eventide Asset Management, every day is Earth Day! 🌱 As an asset manager committed to creating positive change, we are proud to invest in companies that support the expansion to cleaner, more efficient sources of energy and lead in their industries toward better stewardship practices. We are excited to have invested in U.S. energy companies that we believe are making a direct impact on sources of fuel worldwide. In fact, Texas is one of the largest producers of liquefied petroleum gas, one form commonly known as propane. This source of fuel is being shipped worldwide to provide a cleaner source of energy to developing countries that still use wood and coal for cooking their food. This is saving lives by reducing household pollution. In 2020 alone, it is estimated that this type of pollution caused 3.2 million premature deaths, including 237,000 children under the age of five. (https://lnkd.in/gQRdQimC.) We believe that when a business preserves and cares for the environment, it nourishes and sustains productive yield as the business grows. Together, let's continue to make a difference, one investment at a time! 🌎💚 #EarthDay #Sustainability #InvestingForGood #EnvironmentalStewardship

Churchill Asset Management’s second annual sustainability report reinforces their commitment to “practice what you preach” and continues to guide their portfolio companies towards greater transparency. Read the full report here: https://ow.ly/zr6j50SBLJS

This is a step toward what we propose as a more meaningful engagement of asset managers in our hot-off-the-press Management Decision paper "Decarbonizing an energy-hungry world" https://lnkd.in/dzBAxeZY

💡Did you miss our webinar??? 🙄 Ever wondered what sustainability and circularity might have to do with industrial asset life plans? 👍 Plenty! If you missed the webinar that Graham Harvey and I presented - then please watch the video 😁