January 2023

2021 ESG Report. Government Pension Investment Fund

 By: Government Pension Investment Fund Government Pension Investment Fund (GPIF) manages and invests Japan’s pension reserve fund, which is used to pay Employee Pension Insurance and National Pensions. We contribute to the stability of the pension system by earning returns on our investments and distributing these to the government ESG is the acronym for Environmental, Social, and Governance. While investors have traditionally used cash flows, profit margins and other quantitative financial data to value a company’s equity or other securities, “ESG...

Building up the voluntary carbon markets

Voluntary carbon markets stand to play a big role in the shift to a net zero global economy by enabling companies to offset certain emissions during the transition. They also have the potential to channel significant and much-needed investment towards initiatives that will have a positive climate impact. These markets are distinct from the compliance carbon markets managed by governments, such as the EU’s emissions trading system, and are already growing rapidly. According to non-profit Ecosystem Marketplace, VCMs almost quadrupled in...

US. Investors’ resolve to forge ahead with ESG goals deepens for 2023

Russia's invasion of Ukraine and anti-ESG sentiment in the U.S. taught institutional investors to expect the unexpected in 2022, but those developments also deepened their resolve to forge ahead with sustainable investing goals — no matter what happens in the upcoming year. In 2023, institutions' ESG goals will include more specific expectations placed on companies to address climate risk, labor and human rights issues including diversity, and biodiversity, investors said. Many of them also plan to make a more direct...

Guía para el reporte y divulgación voluntaria de factores ambientales, sociales y de gobierno corporativo

Guía para el reporte y divulgación voluntaria de factores ambientales, sociales y de gobierno corporativo

Por: Olga Cantillo & Luiz Gabriel Todt de Azevedo   El análisis de los estados financieros ha sido la herramienta principal de los inversionistas para evaluar el desempeño, observar el riesgo crediticio y construir modelos financieros para estimar el valor de las empresas. Por eso, la publicación oportuna de información financiera estandarizada ha sido condición necesaria para la globalización y el buen funcionamiento de los mercados de capital. Recientemente, las empresas han experimentado un cambio de perspectiva debido a la importancia creciente...

Un repaso a la Responsabilidad Social Corporativa (RSC) en América Latina y el Caribe

Un repaso a la Responsabilidad Social Corporativa (RSC) en América Latina y el Caribe

Por: Clayson Cosme Da Costa Pimenta & José Alberto Goicochea Calderón Este trabajo parte del paradigma de la Responsabilidad Social Corporativa (RSC) para examinar críticamente el impacto que ha tenido en las empresas, citando y analizando algunos casos de estudio destacados dentro del área de América Latina y el Caribe (ALC). El objetivo principal es analizar el estado actual y las perspectivas de la RSC ejemplificándola con distintas empresas referenciales de países latinoamericanos. La metodología utilizada es cualitativa, a partir...

Here’s why we must not lose sight of the importance of ESG, despite the recent backlash

The consideration of environmental, social and governance (ESG) factors when making investment decisions has never faced such a profound period of negative scrutiny. After years of increasing attention and capital allocated to ESG investments, which have made substantial strides forwards in terms of technical substance and implementation expertise, 2022 proved to be a point of reflection. There are several drivers behind this wave of criticism. The combination of the impact of Russia's invasion of Ukraine, inflation and pockets of populism emerging...

Índice global de pensiones de Mercer y CFA Institute 2022

Por: Mercer & CFA Institute Mercer y el CFA Institute publican hoy la decimocuarta edición anual del Mercer CFA Institute Global Pension Index (MCGPI). Una vez más, el sistema previsional de Islandia encabeza la lista, mientras que Holanda y Dinamarca conservan el segundo y tercer lugar, respectivamente. Teniendo en cuenta que más empleadores han dejado de utilizar los planes de beneficios definidos, el estudio también investiga los desafíos y las oportunidades que plantea este cambio global hacia planes de contribución...

December 2022

5 Threats to Sustainable Investing in 2023

A term that went from euphoria to criticism. That has been the parabolic path of sustainable investing in recent years. Now, investors wonder what’s in store for environmental, social and governance (ESG) investing in 2023, and more importantly, what the threats to ESG might be. “Sustainable investing and the consideration of ESG factors have become part of the investment mainstream over the past few years. The rapid growth has been spurred by the need for investors to consider nonfinancial risks...

U.K. Investors must innovate to stay ahead of FCA’s SDR proposal

The FCA’s new sustainability disclosure requirements may prove to be a defining moment for financial services, the chief project officer at the Global Returns Project has said. Jack Chellman told FTAdviser the FCA’s rules, which are currently being consulted on, cannot come soon enough. “Investors are increasingly concerned about greenwashing,” he said. “Looking ahead to 2023, asset managers must embrace innovative approaches to demonstrate their sustainability credentials if they are to satisfy their clients and rise to the challenge of constructing attractive, competitive...

Finnish pension fund manager Varma to monitor human rights impact

Varma Mutual Pension Insurance Co., Helsinki, said Thursday that it will incorporate human rights as sustainability risks in its investments, operations and supply chain. Varma, which managed €56.4 billion ($54.9 billion) at the end of September, said in a news release that after assessing the human rights risks and impacts of its operations, it established principles for human rights and a commitment to address violations that could impact investments. "Human rights have become increasingly important in the past few years. Russia's...