All Thought leadership articles – Page 4
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Thought leadership
A Legal Framework for Impact
A joint work programme from PRI, UNEP FI and the Generation Foundation
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Thought leadership
Building a structured framework for ESG consideration in credit risk analysis
Roundtable discussions began considering the various steps that need to be taken to help build a more structured and systematic framework for ESG consideration in credit risk analysis. Three potentially significant steps have been identified so far.
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Thought leadership
Investor case studies on ESG in credit risk analysis
This section contains 15 investor case studies. Contributors are asset owners and investment managers that support the ESG in Credit Ratings Statement and have actively engaged with CRAs through the forums that the PRI has organised as part of the initiative.
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Thought leadership
Sovereign versus corporate ESG credit risk analysis
In part one, we highlighted the importance of credit ratings in sovereign debt, with the government debt market by far the largest across FI instruments (p. 20).
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Thought leadership
Regional colour from the PRI's ESG in credit risk analysis forums
The forums that the PRI has organised globally have revealed regional differences on three levels: awareness and advancement of ESG consideration; relative sensitivity to ESG factors by country; and regulatory environment and attitudes towards it.
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Thought leadership
Rounding off phase one of the PRI's ESG in Credit Ratings Initiative
This report rounds off phase one of the PRI’s ESG in Credit Ratings Initiative, which has served as an important stimulus for investors and CRAs to sharpen their focus on ESG factors. The progress that it has made in a very short time frame – particularly by the large CRAs ...
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Thought leadership
Improving the transparent and systematic consideration of ESG factors in credit risk analysis
The PRI has compiled a list of more detailed emerging solutions that have been discussed during the investor-CRA roundtables, aimed at improving the transparent and systematic consideration of ESG factors in credit risk analysis.
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Thought leadership
Turning CRA-investor disconnects into action areas
The investor-CRA roundtable discussions revealed that there is broad consensus that ESG factors are not new to credit risk analysis, and that governance is the most important of the three categories when assessing default risk.
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Thought leadership
Fostering dialogue between credit rating agencies and investors
This report rounds off a series of three as part of the PRI’s ESG in Credit Ratings Initiative, which started with the launch of the ESG in Credit Ratings Statement in May 2016.
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Thought leadership
ESG, credit risk and ratings: part 3 - from disconnects to action areas
Credit risk analysis is evolving. Although the basic tenet of assessing whether an issuer can pay back its obligations on time and in full still holds, the global fixed income (FI) community is increasingly seeking ways to factor in sustainability considerations when allocating capital and managing risks.
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Thought leadership
Fiduciary duty in the 21st century: France roadmap
The Fiduciary Duty in the 21st Century programme – launched by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and The Generation Foundation – collaborated with Finance for Tomorrow to publish a France roadmap for sustainable finance, setting out recommendations for institutional investors ...
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Thought leadership
SEC considering changes to shareholder voting process in the US
The publicly-stated purpose of the November roundtable is to hear from stakeholders on “whether the SEC’s proxy rules should be refined.”
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Thought leadership
Focusing on long-term investors in stock exchange innovation
While traditional stock exchange business models can pull revenue from diverse sources depending on the exchange, companies listing on the exchange are often considered the primary client. One disruption playing out in the United States concerns exchanges taking a deeper focus on the needs of institutional investors.
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Thought leadership
Innovating stock exchanges to mobilize capital for impact
Traditional stock exchanges are evolving their business practices to find more innovative ways to increase capital flows to sustainable companies and projects through both listed equity and bonds.
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Thought leadership
Stock exchange innovation: applications for blockchain
For the past few years, financial institutions have been investing in blockchain technology with the idea that it could reduce the cost and complexity of many of its processes, ranging from payments and settlements to tracking shareholder assets.
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Thought leadership
Evolving business models and new applications of technology by stock exchanges
Evolving business models is not a new topic to stock exchanges. Historically, most exchanges were self-regulated, mutual bodies serving their broker members, and revenues were driven primarily by annual membership dues. Exchanges charged traders a fee to buy and sell stocks on a physical trading floor.
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Thought leadership
Impact investing market map
Over the last decade, impact investing has shifted from a disruptive investment concept to a complex and rich investment ecosystem.
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Thought leadership
Impact investing market map: Water
Water is considered a multi-impact investment because it affects the microclimate, food supply, industrial chain, health, productivity and the environment overall.
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Thought leadership
Impact investing market map: Health
Access to health services and products is a basic human right as per the UN’s central mission.
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Thought leadership
Impact investing market map: Sustainable forestry
UN agencies and international conventions have created basic definitions and conditions for sustainable forestry, but these are not acknowledged or adopted by all countries.