Industry bemoans lack of support for green projects in Covid-19 recovery plans

Industry bemoans lack of support for green projects in Covid-19 recovery plans Governments must not allow the Covid-19 crisis to shift their priorities away from climate change mitigation, as experts warn that only a small proportion of fiscal stimulus announced in response to the pandemic can be considered “green” In its Green Weekly Insight report, the Institute of International Finance (IIF) warned that rising debt levels as a result of the coronavirus pandemic could hinder investment in cl

Three-point action plan to take a stand against racism

Three-point action plan to take a stand against racism In a heartfelt speech on YouTube, Dawid Konotey-Ahulu, founder of Redington and spokesman for the #talkaboutblack campaign, issued a call to action for companies and individuals to unite in their effort to eradicate racism and make the world a fairer place Speaking as part of the #talkaboutblack campaign, which brings together asset management professionals to drive change in the industry, Konotey-Ahulu said this is the first time in human

E, S or G: Which drives outperformance?

In a paper entitled Deconstructing ESG Ratings Performance, MSCI has taken a deep dive into the impact of ESG factors on the performance of companies in different sectors The aim of the research was to determine whether the governance factor (the G in ESG) is the most important driver of performance for companies, and whether the weighting of E, S and G factors makes any difference to long-term performance. MSCI’s findings clearly show that while the G in ESG has more impact on companies’ perf

Sustainable investments prove, well, sustainable

Sustainable investments are standing up. Throughout the recent market carnage, data from Morningstar shows investment funds targeting companies that care about the environment, society and good governance have outperformed those that don’t. Thus, it seems, sustainable investment is living up to all definitions of the term. Here at New Money, we’ve known for a while that sustainable investments aren’t just about doing the ‘right’ thing: it could also make you more money in the long-run. We saw p

Hit or flop: What lies ahead for ESG ETFs?

While environmental, social and governance (ESG) factors have been influencing investing for many years now and investors have been incorporating more and more ESG strategies into their portfolios, the proportion of this market taken up by exchange traded funds remains tiny. According to a McKinsey & Co study last year, some $22.9 trillion (€19.7 trillion), or 26% of total professionally managed assets in Asia, Australia, New Zealand, Canada, Europe and the US was invested in ESG strategies at

How to relax and learn to love sustainable investing

Sustainable investing, SRI, ESG, green funds… the jargon used to describe the concept of investing using ethical and sustainability considerations continues to grow, and with it so does the confusion around the topic. Experts themselves often struggle to provide clear definitions and terms are used interchangeably, making this area a minefield for investors. Lee Qian, one of the managers of the £45m Baillie Gifford Positive Change fund, said: “The whole area is full of jargon. Different people

A year of Extinction Rebellion: Are we any closer to saving the planet?

You may love or hate their tactics, but one thing is for certain: no one can brush off Extinction Rebellion as the fringe movement it started off as just a year ago. XR is now active in some 72 countries, and if you live in London you may well have experienced their “civil disobedience” first hand. And while we hope no readers of our blog could dispute the worthiness of their cause, one key question remains: how much have the rebels achieved with their protests to date? We spoke to some people

Saving cash as a digital nomad: Financial lives less ordinary

Like an increasing number of millennials, I recently quit my job, swapped my flat for a van and left the UK to travel around Europe, eventually becoming a so-called digital nomad. My partner and I thought we would only be able to afford this for a year at most. But two years down the line, we are still on the road. Having spent seven years working in London as a financial journalist, I was lucky to be able to take my job freelance and work from anywhere. But the more we travel, the more I learn
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