The City of London Corporation – the body responsible for running London’s Square Mile – regards green finance as prudent, profitable and one of the best tools available in the race to cut carbon. That’s why, in January 2016, we launched our Green Finance Initiative in partnership with government.
The initiative brings together international expertise from across the financial and professional services sector. It aims to:
- Provide public and market leadership on green finance
- Advocate for specific regulatory and policy proposals that might enhance the green finance sector worldwide
- Promote London and the UK as a leading global centre for the provision of green financial and professional services
BlackRock helps people around the world, as well as the world’s largest institutions and governments, pursue their investing goals. We offer:
- A comprehensive set of innovative solutions, including mutual funds, separately managed accounts, alternatives and iShares® ETF
- Global market and investment insights
- Sophisticated risk and portfolio analytics
We work only for our clients, who have entrusted us with managing $5.69 trillion*, earning BlackRock the distinction of being trusted to manage
more money than any other investment firm in the world.
*AUM as at 30 June 2017.
Dolma Impact Fund (Dolma) is the first international private equity fund for Nepal. It’s portfolio includes renewable energy projects, healthcare and technology. Based on existing investment commitments alone, Dolma will offset nearly 200,000 tonnes of CO2 emissions annually, provide clean energy to 1.5 million individuals and create 2,100 direct new jobs in 2018. LPs include FMO, Finnfund, OeEB, DGGF and family offices.
Nepal has a population of around 30m and is projected to be the 3rd fastest growing world economy in 2017 (WEF). It currently has only 800MW generation capacity. The government plans 10,000MW of additional renewable energy in 10 years to meet demand, requiring significant FDI. Dolma is proof that commercial FDI investments in Nepal can drive transformational economic, social and environmental benefits.
An estimated $15bn of FDI is required to meet Nepal’s 10-year renewable energy expansion. Other Himalayan regions have similar plans. Returns are high, but so are perceived risks. Dolma Himalayan Climate Fund is working with DFID and MIGA (World Bank) to provide a renewables equity investment platform that includes USD currency hedges and MIGA’s Political Risk Insurance that wraps sovereign credit and other political risks. Net returns are still impressive.
The Himalayas have the world’s third largest storage of frozen water– and they’re melting fast. Recent floods are the latest climate-related catastrophe to hit the 600m living immediately downstream. Much of the melt is caused by black carbon emitted by clean energy substitutes (e.g. 75% of Nepal’s primary energy consumption derives from firewood). This melting effect can be rapidly reversed by opening the region’s renewables sector to the scale of international capital.
Impax Asset Management is a successful boutique investment firm, managing and advising on approximately £6.7 billion (as at 30 June 2017) primarily for institutional clients through listed and private equity strategies. Its investments are based on a strong conviction that population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities. Impax expects these trends, reflecting the transition towards a more sustainable global economy, will drive earnings growth for well-positioned companies. Impax's proprietary investment framework identifies and calibrates the rising risks and expanding opportunities from this transition, guiding its search for investments that will deliver long-term outperformance.
Mirova is a leading asset manager dedicated to responsible investing, an affiliate of Natixis Global Asset Management. Addressing challenges to a sustainable economy sits at the very heart of our investment decisions.
Mirova's philosophy is based on the conviction that integrating sustainable development themes can generate solutions that create value for investors over the long term, not only thanks to a better appreciation of risks, but also by identifying favorable investment opportunities in a changing world.
Leveraging a comprehensive and consistent approach to responsible investing, Mirova provides a wide range of investment solutions and services through 5 centers of expertise: equities, fixed income, infrastructure, social impact investing, as well as proxy voting and engagement. With €8.2 billion of assets under management, Mirova brings together 69 multidisciplinary professionals, including thematic investing specialists, engineers, financial and ESG analysts, and project finance experts.
Data as of June 30th, 2017
For more than 40 years, MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative research.
Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG research.
With over $58 billion in assets benchmarked to MSCI ESG indexes, MSCI continues to be a leader in ESG indexing and research.*
For more information, visit us at www.msci.com.
*As of March 2017 based on Bloomberg, Morningstar and MSCI data. Active AUM includes data as of Dec 31, 2016 reported on March 31, 2017 by eVestment.
Standard & Poor's Ratings Services and its predecessor organizations have been in business for more than 150 years.
We are one of the world's leading providers of independent credit risk research across industries and benchmarks, asset classes and geographies. Our goal is to help our clients, investors and other market participants make more informed business and investment decisions.
In 26 countries around the globe, our analysts, managers and economists assess the factors and trends that affect creditworthiness.
To inform our credit opinions, we engage in frequent dialogue with senior managers and industry leaders, and our analyses cover areas ranging from the state of an enterprise and its position in its industry, to the economic health of regions around the world.
- Sustainalytics is an independent ESG and corporate governance research, ratings and analysis firm supporting investors around the world with the development and implementation of responsible investment strategies. With 13 offices globally, Sustainalytics partners with institutional investors who integrate environmental, social and governance information and assessments into their investment processes. Today, the firm has more than 300 staff members, including 170 analysts with varied multidisciplinary expertise of more than 40 sectors. Through the IRRI Survey, investors selected Sustainalytics as the best independent responsible investment research firm for three consecutive years, 2012 through 2014, and in 2015 and 2016 Sustainalytics was named among the top three firms for both ESG and Corporate Governance research. For more information, visit www.sustainalytics.com.
South Pole Group is a leading provider of global sustainability solutions and services. With 200 experts in 15 global offices, the company has served a wide range of public, private and civil society organisations for over a decade. The Group’s expertise covers project and technology finance, data and advisory on sustainability risks and opportunities, as well as the development of environmental commodities such as carbon credits and renewable energy credits. South Pole Group has developed and provided climate-finance to over 500 projects in the realm of emission reductions, renewable energy, energy efficiency and sustainable land-use. For more information, visit www.thesouthpolegroup.com or @southpolegroup.
The Institutional Investors Group on Climate Change (IIGCC) - the investor voice on climate solutions in Europe - is a collaborative forum with 138 mainly mainstream investors across 11 countries with over €19 trillion assets under management. Its mission is to provide investors with a common voice to encourage public policies, investment practices and corporate behaviour which address long-term risks and opportunities associated with climate change. IIGCC members consider it a fiduciary duty to ensure that stranded asset risk or other losses from climate change are minimised and that opportunities presented by climate action and the transition to a low carbon economy are maximised. They believe renewable energy, low carbon technologies and energy efficiency present significant investment opportunities which could foster European economic growth; create jobs, improve energy security and better protect public health.
The UK Sustainable Investment and Finance Association (UKSIF) is the membership association for sustainable and responsible financial services. We promote responsible investment and other forms of finance that support sustainable economic development, enhance quality of life and safeguard the environment.
We also seek to ensure that individual and institutional investors can reflect their values in their investments.
AIMA, the Alternative Investment Management Association, is the global representative of the alternative investment industry, with more than 1,800 corporate members in over 50 countries. AIMA’s fund manager members collectively manage more than $1.8 trillion in assets. AIMA draws upon the expertise and diversity of its membership to provide leadership in industry initiatives such as advocacy, policy and regulatory engagement, educational programmes and sound practice guides. AIMA proactively communicates with the media and the general public to increase awareness around the value of the industry.
AIMA is committed to developingskills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) - first and only specialised educational standard for alternative investment specialists. AIMA is governed by its Council (Board of Directors). For further information, please visit AIMA’s website, www.aima.org.
The Climate Markets & Investment Association (CMIA) is an independent, not for profit trade association providing leadership to the private sector in the delivery of climate investment policy and market mechanisms since 2008. Our diverse membership is comprised of companies and organisations involved in shifting the trillions that will enable a transition to a low-carbon global economy through climate policy, finance and investment. CMIA is one of two active private sector observers to the Green Climate Fund as well as holds the private sector observer role at the World Bank's Climate Investment Funds and Forest Carbon Partnership Facility.
Eurosif is the leading pan-European sustainable and responsible investment (SRI) membership organisation whose mission is to promote sustainability through European financial markets. Eurosif works as a partnership of Europe-based national Sustainable Investment Fora (SIFs) with the direct support of their network which spans across over 400 Europe-based organisations drawn from the sustainable investment industry value chain.
These organisations include institutional investors, asset managers, financial services, index providers and ESG research and analysis firms totalling over €8 trillion in total assets. Eurosif is also a founding member of the Global Sustainable Investment Alliance, the alliance of the largest SIFs around the world.
The main activities of Eurosif are public policy, research and creating platforms for nurturing sustainable investing best practices.
The Italian Sustainable Investment Forum (Forum per la Finanza Sostenibile or FFS) is a non-profit organisation founded in 2001. It is a multi-stakeholder organisation: its members are financial actors and other entities interested in the environmental and social effects of financial activity. FFS’s mission is to promote the integration of environmental, social and governance (ESG) criteria into the policies and processes adopted by the investors.
Since 2012, FFS has been promoting the Italian Sustainable and Responsible Investment Week (or “Settimana SRI” www.settimanasri.it).
FFS is a Board member of Eurosif, an association committed to promoting sustainable finance across European markets.
The PRI is the world's leading proponent of responsible investment.
It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole.
The PRI is truly independent. It encourages investors to use responsible investment to enhance returns and better manage risks, but does not operate for its own profit; it engages with global policymakers but is not associated with any government; it is supported by, but not part of, the United Nations. www.unpri.org
UN Environment Programme Finance Initiative (UNEP FI) is a partnership between UN Environment and the global financial sector created in 1992 to promote sustainable finance. Over 200 financial institutions, including banks, insurers and investors, work with UN Environment to innovate and spur transformation of the financial sector to contribute to achieving international climate change agreements and sustainable development goals.
UNEP FI members commit to integrating environmental and social considerations into their operations and participate in a global network to develop guidance and ground-breaking research; exchange knowledge and good practice; and gain insight into key issues and industry tools.