Wie können Anleger Unternehmen identifizieren, die neben finanziellen Renditen positive soziale und Umweltauswirkungen anstreben? Diese Präsentation enthält Ideen aus unserem Artikel zur Einbeziehung der Ziele für nachhaltige Entwicklung der UN in institutionelle Anlagen.
Impact investing means investing in companies that generate positive social and environmental impacts.
It does not have to be philanthropy. Impact can be achieved alongside financial returns.
According to JP Morgan research, demand for impact investing could reach $1 trillion by 2020.
Impact investors look for companies that have environmental or social objectives at the heart of their commercial strategies – mission-led businesses.
For our full analysis, read our Impact Investing paper.
What are the United Nations Social Development Goals?
The United Nations set an agenda for sustainable development at the start of 2016.
It set 17 goals that aim to eradicate poverty…
…and address climate change, reduce inequality and cut unsustainable production and consumption.
It also set 169 specific targets to be achieved by 2030.
How can impact investors use the UN goals?
We have created eight pillars to align the analysis of companies’ products and services with these goals.
We select relevant key performance indicators from the 169 UN targets that can be measured for individual companies.
How can investors assess for impact?
Mission-led businesses will vary in the maturity of their impact.
Their products and services move from research and development, into production, and finally to delivering measurable outcomes.
We have identified three stages of impact maturity:
- Intentionality – a clear corporate strategy to pursue an impact agenda
- Implementation – putting this strategy into practice
- Impact quantification – when the outcomes of the strategy can start to be measured.
How can investors measure impact?
We use data provided in company annual reports to calculate the tangible benefits delivered.
To illustrate, the measures above show the performance of four companies in our model portfolio that support the Circular Economy pillar.
What is the role of active managers?
Analysis starts with an assessment of the investment opportunity, then impact analysis.
There are five ways that active managers can actively engage with companies:
- A constructive dialogue helps investors assess a company’s impact strategy and encourages companies to improve their operating standards.
- Investors can clearly set out the information they require to assess impact, helping to improve impact.
- Voting at general meetings provides a direct point of leverage.
- Fund managers can harness the power of the media to broadcast their message more widely, putting further pressure on company management to make changes.
- Active investors can buy or sell shares. This is what ultimately separates active and passive management.