Post by account_disabled on Mar 6, 2024 12:50:44 GMT 7
That seeks to fight in favor of climate change: companies, governments, civil associations and investors are becoming increasingly committed.
A few weeks ago, Goldman Sachs, one of the world's largest securities investment banking groups, announced that it will invest $750 billion over the next 10 years to finance and advise companies seeking to implement sustainable practices in areas such as energy. clean, education and medicine.
Sustainable investment advances
The group will also make revisions Chile Mobile Number List to its policies to exclude from its investments projects that impact the environment, such as oil drilling in the Arctic, the North Pole or coal mines.
According to David M. Solomon, CEO of the American investment bank, "there is not only an urgent need to act, but a powerful business and investment case for doing so."
Profitability will always matter. We must generate strong returns on invested capital from retirement savings. Markets can and will do a lot to address climate change, but given the magnitude and urgency of this challenge, that will not be enough.
David M. Solomon, CEO of the American investment bank.
Sustainable finance is no longer on the margins of business as companies have traditionally been guided, treating it as a peripheral problem. We no longer have the luxury of that limited perspective .
Data from El Economista state that the largest asset manager in the world with $7 billion under management, also announced in early January changes to its investment policies with a more sustainable vision. It aims to increase its sustainable assets 10-fold from $90 billion to $1 trillion over the next 10 years, and also reduce its exposure to companies that generate more than a quarter of their profits from using coal.
Companies, investors and governments must prepare for a significant reallocation of capital.
Larry Fink, CEO of BlackRock.
Advances in environmental issues in Mexico
Given the risks of climate change and the consequences that arise, investors stated that they will now demand more information from companies related to their actions in environmental, social and corporate governance matters.
It is evident how investors will begin to question companies' practices about the value they are generating in the long term in environmental, social and corporate governance issues.
Marimar Torreblanca, partner of the ESG division at Miranda Partners.
In an interview with El Economista , Marimar Torreblanca, partner in the ESG division at Miranda Partners, stated that Mexico is still “lagging behind” in the issue of sustainable investments, but without a doubt, it has everything it takes to position itself as a country that boosts ESG investments.
“ We are behind, not all companies have identified the studies to manage these ESG factors and there are companies that have not given it as much relevance” ,” he commented.
In the case of Mexico, he said, investors are already beginning to integrate questionnaires on environmental, social and corporate governance factors into their analysis and investment processes.
The specialist, who has been dedicated to financial analysis for more than 15 years, warned that ESG factors have become relevant to analyze companies' risk due to the real impact on their businesses.
Regarding corporate governance, Torreblanca highlighted that investors undoubtedly give a discount to companies that do not have a good structure, and it is an issue more familiar to the financial community.
A company that is not well aligned with its investors can make decisions that are not necessarily the best, that make sense for the company at the moment, but not for long-term investors.
Marimar Torreblanca also points out that an analysis carried out by the University of Oxford revealed that 88% of studies show that companies with social and environmental criteria had better operational performance.
A few weeks ago, Goldman Sachs, one of the world's largest securities investment banking groups, announced that it will invest $750 billion over the next 10 years to finance and advise companies seeking to implement sustainable practices in areas such as energy. clean, education and medicine.
Sustainable investment advances
The group will also make revisions Chile Mobile Number List to its policies to exclude from its investments projects that impact the environment, such as oil drilling in the Arctic, the North Pole or coal mines.
According to David M. Solomon, CEO of the American investment bank, "there is not only an urgent need to act, but a powerful business and investment case for doing so."
Profitability will always matter. We must generate strong returns on invested capital from retirement savings. Markets can and will do a lot to address climate change, but given the magnitude and urgency of this challenge, that will not be enough.
David M. Solomon, CEO of the American investment bank.
Sustainable finance is no longer on the margins of business as companies have traditionally been guided, treating it as a peripheral problem. We no longer have the luxury of that limited perspective .
Data from El Economista state that the largest asset manager in the world with $7 billion under management, also announced in early January changes to its investment policies with a more sustainable vision. It aims to increase its sustainable assets 10-fold from $90 billion to $1 trillion over the next 10 years, and also reduce its exposure to companies that generate more than a quarter of their profits from using coal.
Companies, investors and governments must prepare for a significant reallocation of capital.
Larry Fink, CEO of BlackRock.
Advances in environmental issues in Mexico
Given the risks of climate change and the consequences that arise, investors stated that they will now demand more information from companies related to their actions in environmental, social and corporate governance matters.
It is evident how investors will begin to question companies' practices about the value they are generating in the long term in environmental, social and corporate governance issues.
Marimar Torreblanca, partner of the ESG division at Miranda Partners.
In an interview with El Economista , Marimar Torreblanca, partner in the ESG division at Miranda Partners, stated that Mexico is still “lagging behind” in the issue of sustainable investments, but without a doubt, it has everything it takes to position itself as a country that boosts ESG investments.
“ We are behind, not all companies have identified the studies to manage these ESG factors and there are companies that have not given it as much relevance” ,” he commented.
In the case of Mexico, he said, investors are already beginning to integrate questionnaires on environmental, social and corporate governance factors into their analysis and investment processes.
The specialist, who has been dedicated to financial analysis for more than 15 years, warned that ESG factors have become relevant to analyze companies' risk due to the real impact on their businesses.
Regarding corporate governance, Torreblanca highlighted that investors undoubtedly give a discount to companies that do not have a good structure, and it is an issue more familiar to the financial community.
A company that is not well aligned with its investors can make decisions that are not necessarily the best, that make sense for the company at the moment, but not for long-term investors.
Marimar Torreblanca also points out that an analysis carried out by the University of Oxford revealed that 88% of studies show that companies with social and environmental criteria had better operational performance.