Endorsement of NCD picking up speed with support from the asset management industry
A further four financial institutions have recently committed to the Natural Capital Declaration (NCD), bringing the total number of endorsers to six, half of which are now asset management companies. The Declaration is a commitment by financial institutions to work with others in creating the conditions necessary to maintain and enhance natural capital as a critical economic, ecological and social asset. It will be presented at the Rio+20 Earth Summit in June this year.
New signatory Benjamin Lovell, President of Zevin Asset Management, sees the Summit as an opportunity to extend private – and specifically financial – sector involvement in shaping innovative ways for sustainable investment. He said, “Our endorsement of the Natural Capital Declaration comes from the need to highlight this message among other financial institutions and regulators to help us all work together towards true sustainability.”
Zevin Asset Management’s long term approach to investing entails selecting socially responsible businesses.
Meanwhile, Robeco’s subsidiary SAM (Sustainable Asset Management) has partnered with the Dow Jones Sustainability Indexes (DJSI) through the SAM Corporate Sustainability Assessment process.
Roderick Munsters, CEO of Robeco, said: “We want our portfolio companies to be aware of the risks throughout their value chain and take appropriate measures to mitigate them. By working together with other financial institutions we hope to capitalise on opportunities arising from the management of these risks to create mutual benefits for all of society.”
For David McMillan, co-founder of Caledonia Wealth Management, Ltd, integrating “financial institutions in the important role they play in creating a sustainable platform with far reaching social and environmental impact” is key. Indeed, the Natural Capital Declaration calls for a holistic environmental, social and governance (ESG) approach that will encompass the evaluation of bonds and equities through the natural capital lens.
Banco de Mexico FIRA´s mission to contribute to the sustainable development of the rural sector in Mexico, through innovating financial services and technologies, also reflects a commitment to the global commons that is at the core of the Declaration. Banco de Mexico FIRA is the first public sector endorser of the Declaration so far. Zevin Asset Management, Caledonia Wealth Management and FIRA’s endorsement of the NCD also increases the geographic distribution of NCD supporters.
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