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Alternative Market Briefing

$1tn asset owners launch a green investing tool

Tuesday, July 07, 2020

Laxman Pai, Opalesque Asia:

Asset owners in Australia, Canada, and the Netherlands, which together manage more than $1 trillion of assets, have launched an online green-investing tool that measures companies against United Nations sustainable development goals.

"APG Asset Management NV, AustralianSuper, British Columbia Investment Management Corporation (BCI) and PGGM NV have jointly established the Sustainable Development Investments Asset Owner Platform (SDI AOP)," said a joint press release.

The SDI Asset Owner Platform will allow investors to assess 8,000 companies using the UN criteria, according to the release.

The platform's standard and artificial-intelligence driven data enable investors to assess companies on their contribution to the UN Sustainable Development Goals (SDGs). The product will be available via distribution partner Qontigo.

The participating pension funds have set ambitious targets for investing in the UN's sustainable development goals, with both the AustralianSuper and the BCI joining the platform.

"As a founding member of the SDI AOP, AustralianSuper strongly welcomes the opportunity to jointly establish a global standard for investors to identify sustainable development investments," AustralianSuper director of ESG and stewardship Andrew Gray said.

"The platform will progress how we assess and engage with investee companies on their SDG contribution, measurement, and reporting. This will promote real-world sustainable outc......................

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