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On today's episode, we are talking to the multi-hyphenate sustainability and responsible investment leader Fiona Reynolds about the intersection of the E and the S and why it matters for business.
Fiona Reynolds was the CEO of the United Nations Principles for Responsible Investment (UN PRI) from 2013 to 2021. The UN PRI was created in 2006 to promote the incorporation of ESG Factors (Environmental, Social, and Corporate Governance) into investment decision-making. It currently has 4900+ signatories (Asset Owners and Investment Management Firms) representing $120+ Trillion in AUM (Assets Under Management) in over 80 countries. Prior to UN PRI, Fiona Reynolds was the CEO of the Australian Institute of Superannuation Trustees, a non-profit organization representing Australia's $1.6 trillion profit-to-member superannuation industry. She previously studied Public Policy at Deakin University. Check out the Climate Finance Podcast website for more information. Topics discussed: Fiona's career progression from the Australian Institute of Superannuation Trustees to the UN PRI. Origins and Early Days of UN PRI as an organization. Creation of the Six Principles and Growth in Signatories. Evolution in Responsible Investment and ESG Integration. Fiona's Leadership Challenges and Collective Accomplishments at UN PRI. Role of Public Policy in ESG: Inevitable Policy Response (IPR). Case Studies on ESG: Proxy Battle between Engine No. 1 and Exxon Mobil. Brumadinho Disaster with Brazilian Mining Giant, Vale. Rio Tinto blasting 46,000-year old Aboriginal Site. UN PRI Initiatives on Climate Change (E of ESG): Montreal Carbon Pledge in 2014 (Measure & Disclose Carbon Footprint of Investment Portfolio). Climate Action 100+ (Shareholder Engagement during Proxy Season). Focus on S of ESG: Human Rights Issues such as Modern Slavery and Human Trafficking. Special Focus on the Role/Importance of Women in ESG Progression (for International Women's Day on March 8th) Notable Female Advocates on ESG: Louise Davidson, CEO of the Australian Council of Superannuation Investors. Sharan Burrow, Former General Secretary of the International Trade Union Congress. Sagarika Chatterjee, Leader of GFANZ (Glasgow Finance Alliance on Net Zero). Maria Lettini, CEO of FAIRR Initiative and US SIF: Forum for Sustainable and Responsible Investment. Fiona Reynolds' Current Advisory Engagement Portfolio: Advisory Roles at Quinbrook Infrastructure Partners, Affirmative Investment Management (Fixed Income), and UNSW Australian Human Rights Institute. Chair of UN Global Compact Network Australia and Qualitas Group (Real Estate Investing). Director Roles at the Australian Sustainable Finance Institute and Frontier Advisors (Institutional Investor Advisor). Advice to future generations on meaningful careers in ESG and Sustainable Finance. Note: This podcast is for informational purposes only and should not be considered as investment advice. The interview took place on 8th March 2023.
The second of a double bill exploring the impact economy. Prompted by a new white paper from The UBS Sustainability & Impact Institute, we discuss the most critical issues in sustainable finance today. The UBS S&I Forum was established last year to drive the discourse and today we meet one of its founding members, CEO of Conexus Financial, Fiona Reynolds. Plus: insights from UBS Global Wealth Management chief economist, Paul Donovan.See omnystudio.com/listener for privacy information.
Fiona Reynolds is the CEO of Conexus Financial. She served as the CEO of the Principles for Responsible Investment (PRI) for over nine years. As part of her role in the UK, she was on the board of a number of organisations including UN Global Compact, Climate Action 100+, the UK Green Finance Institute, the Greening the Belt and Road Global Committee, and the Asset Owners Net Zero Alliance Fiona has 25 years' experience in the financial services and pension sector. She joined the PRI from the Australian Institute of Superannuation Trustees (AIST), where she spent seven years as CEO. Fiona was named one of the 20 most influential people in sustainability globally by Barron's magazine and has twice been named one of Australia's one hundred women of influence by the Australian Financial Review. Fiona also serves on the Board of Frontier Investment Consulting, the investment Committee of the Laudes Foundation and Advisory Boards of Quinbrook Infrastructure Partners, PWC, Affirmative Investment Management and the Advisory board of BASF.On this episode of Outside In Fiona talks with Jon about her unconventional start, a failed coup at the PRI, '80s rock and balancing people, profit and planet. Fiona also discusses how responsible investing has gone mainstream on her watch, with the resulting increase in risk to ethos and ethics, and how she has followed the money to change the world.
PRI CEO, Fiona Reynolds, has a candid conversation with Chloe Horne, Specialist – Stewardship and Vaishnavi Ravishankar, Senior Specialist – Governance about her nearly decade-long leadership of the organisation, her agenda post-PRI and hopes for the future of the responsible investment industry. Find the podcast transcript here: https://bit.ly/31L32Sc
In this episode of Sustainability Leaders, BMO's Nalini Feuilloley, Director of Responsible Investment Team, spoke with Fiona Reynolds, CEO of the United Nations Supported Principles for Responsible Investment, on the ground in Glasgow as the COP26 rolled into its final days. The two experts discussed how the UN Climate Conference has changed, why COP26 has been so unique, and what the road looks like going forward to next year's COP meeting in Egypt and beyond.
In this second special episode of the PRI podcast, we shine the spotlight on what happened in Glasgow, at COP26. Host Liz Barnes speaks with the PRI's CEO, Fiona Reynolds, to take stock of the conference, looking at some of the key takeaways from COP26, and discussing what needs to be done next. Find the podcast transcript here: https://bit.ly/3DGbTCZ
The renewed US domestic climate agenda will drive demand for green innovation and investments with new approaches to scaling up finance for climate-aligned sectors and infrastructure. According to a recent Princeton University study, Net Zero America, in order for the United States to achieve net zero greenhouse gas emissions economy-wide by 2050 it would require at least $2.5 trillion in upfront additional capital investment over the next decade. Yet, the cost for inaction and the impact on the environment, human health and the economy is immeasurable. What the broader financial community does now will help determine the fate of the planet on which humanity relies. This session will explore the innovations and pathways needed for the financial system to accelerate investments toward a zero-carbon economy. Speakers include: Amy Davidsen, Executive Director, North America, Climate Group Jonah Goldman, Managing Director, Breakthrough Energy Alexandra Liftman, Global Environmental Executive, Bank of America Mindy Lubber, CEO & President, CERES Susan Mac Cormac, Principle, Chair of Social Enterprise and Impact Investing Group and Co-Chair of Energy and Cleantech Group, Morrison & Forester, LLP Kathryn I. Murtagh Esq., Chief Compliance Officer & MD of Sustainable Investing, Harvard Management Company, Inc. Fiona Reynolds, CEO, PRI Anne Simpson, Managing Investment Director, Board Governance & Sustainability, CalPERS Dr Andrew Steer, CEO & President, Bezos Earth Fund Tom Steyer, Founder, Beneficial State Bank Jason Storah, CEO, Aviva Canada Marilyn Waite, Climate & Clean Energy Finance Program Officer, William and Flora Hewlett Foundation Climate Week NYC 2021
This week we are joined by current PRI CEO Fiona Reynolds, a giant in the responsible investment scene. We talk about what led to the decision for her to stand down from the PRI to return to Australia, where disclosure stands at the moment, and really try and get a feel for what responsible investment really means. We're so grateful to have her on. Rory Sullivan with his dullest and yet arguable most useful book of the week this week - definitely one to put on the buy list: https://www.google.co.uk/books/edition/An_Introduction_to_Corporate_Environment/LKo0DwAAQBAJ?hl=en Please feel free to connect with any of the hosts on LinkedIn or Twitter Fiona Reynolds: https://www.linkedin.com/in/fiona-reynolds-6b987168/ Rory Sullivan: https://www.linkedin.com/in/rory-sullivan-73188418/ Adam Matthews: https://www.linkedin.com/in/adam-matthews-84926b31/ David Hickey: https://www.linkedin.com/in/david-hickey-cfa-05633526/
The PRI has become an increasingly important part of the responsible investing ecosystem, with collective assets under management represented by PRI signatories at well over US$100 trillion. The PRI released its three-year strategic plan 2021 – 2024 in April 2021. Dominique Barker in conversation with Fiona Reynolds, CEO of Principles for Responsible Investing, discussing the PRI's strategic plan and blueprint for the future.
CFA Society Chicago member Rich Excell, CFA, talks with Fiona Reynolds, the CEO of the Principles for Responsible Investment (PRI) on the catalyst in the move away from maximizing shareholder value to a focus on all stakeholders to the firm. Over half of the world’s investable AUM are now PRI signatories so this is a must listen for anyone in the investment industry. Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard Connect with Fiona on LinkedIn https://www.linkedin.com/in/fiona-reynolds-6b987168/ and Twitter @Fireynolds Podcast References: https://www.unpri.org/ For more episodes go to www.cfachicago.org/podcasts
In her long career as a journalist, Dr. Fiona Reynolds reported on the Thredbo landslide, interviewed Bruce and Denise Morcombe, who sacrificed their privacy to appeal for help in the search of the son Daniel, and spoke with Rosie Batty, who became the face of change in the move against domestic violence after an unfathomable tragedy. “I had seen many, many people throughout that time suddenly go from being anonymous to an overnight headline; their lives poured over, their personal lives made public.” says Reynolds. “And I'd started to wonder whether these people had anything in common, whether there were any similarities, and how their experiences may have differed. The idea became her thesis, and led her to interviewing ordinary people who became household names in Australia. When her thesis was complete, she knew she wanted to share these stories. See acast.com/privacy for privacy and opt-out information.
Imagine your trauma leads the news. Your private life is then public property. Your anonymity is lost. That’s what it’s like to become an accidental celebrity. Now, the spotlight is turned around. Each weekly episode offers rare media insights from an ordinary Australian who faced an extraordinary event. They expose the tricks of a competitive trade – the relentless pursuits, the manipulation and misrepresentation, the betrayals of truth and trust – with journalist Fiona Reynolds. Learn too why they participated in media coverage. This is the inside story on a shrewd industry that plucks unknowns from obscurity to feed our fascination with adversity and the strength of the human spirit. Support this show http://supporter.acast.com/beenham-valley-road. See acast.com/privacy for privacy and opt-out information.
Imagine your trauma leads the news. Your private life is then public property. Your anonymity is lost. That’s what it’s like to become an accidental celebrity. Now, the spotlight is turned around. Each weekly episode offers rare media insights from an ordinary Australian who faced an extraordinary event. They expose the tricks of a competitive trade – the relentless pursuits, the manipulation and misrepresentation, the betrayals of truth and trust – with journalist Fiona Reynolds. Learn too why they participated in media coverage. This is the inside story on a shrewd industry that plucks unknowns from obscurity to feed our fascination with adversity and the strength of the human spirit. Support this show http://supporter.acast.com/whokilledleanneholland. See acast.com/privacy for privacy and opt-out information.
Imagine your trauma leads the news. Your private life is then public property. Your anonymity is lost. That’s what it’s like to become an accidental celebrity. Now, the spotlight is turned around. Each weekly episode offers rare media insights from an ordinary Australian who faced an extraordinary event. They expose the tricks of a competitive trade – the relentless pursuits, the manipulation and misrepresentation, the betrayals of truth and trust – with journalist Fiona Reynolds. Learn too why they participated in media coverage. This is the inside story on a shrewd industry that plucks unknowns from obscurity to feed our fascination with adversity and the strength of the human spirit. See acast.com/privacy for privacy and opt-out information.
Imagine your trauma leads the news. Your private life is then public property. Your anonymity is lost. That's what it's like to become an accidental celebrity. Now, the spotlight is turned around. Each weekly episode offers rare media insights from an ordinary Australian who faced an extraordinary event. They expose the tricks of a competitive trade – the relentless pursuits, the manipulation and misrepresentation, the betrayals of truth and trust – with journalist Fiona Reynolds. Learn too why they participated in media coverage. This is the inside story on a shrewd industry that plucks unknowns from obscurity to feed our fascination with adversity and the strength of the human spirit. See acast.com/privacy for privacy and opt-out information.
Imagine your trauma leads the news. Your private life is then public property. Your anonymity is lost. That’s what it’s like to become an accidental celebrity. Now, the spotlight is turned around. Each weekly episode offers rare media insights from an ordinary Australian who faced an extraordinary event. They expose the tricks of a competitive trade – the relentless pursuits, the manipulation and misrepresentation, the betrayals of truth and trust – with journalist Fiona Reynolds. Learn too why they participated in media coverage. This is the inside story on a shrewd industry that plucks unknowns from obscurity to feed our fascination with adversity and the strength of the human spirit. See acast.com/privacy for privacy and opt-out information.
Fiona Reynolds, Managing Director of Principle for Responsible Investment (PRI) was Interviewed LIVE on "The Traders Network” hosted by David Nelson at the UNCTAD U.N Sustainable Stock Exchange (SSE) Event. It was held at the New York Stock Exchange on September 24, 2015.Interview featured on iHeart Radio and equities.com.To inquire about being a guest on this show or others: Matthew Bird CommPro Worldwide C: +1 (646) 401-4499 E: matt@commpro.com W: www.commpro.com Visit: http://tradersnetworkshow.com for more details about the show.
In this episode PRI’s CEO, Fiona Reynolds, speaks with Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI). They discuss its newest initiative, the Principles for Responsible Banking. Just over one year on from its launch, they explore why it was developed, what the initiative has achieved so far and ambitions for the future.
In Episode 5, we examine the relationship between modern slavery and institutional investing. Institutional investors have a key role to play in fostering business practices that help end modern slavery and human trafficking. In this episode we discuss how institutional investors are addressing modern slavery risks in their investment decision-making, as well as the ways they are working collaboratively to engage companies to find, fix and prevent modern slavery.This episode is hosted by Shalini Samuel, Financial Sector Engagement Manager at Minderoo Foundation's Walk Free in partnership with FAST. Guests include Fiona Reynolds, Chief Executive Officer of the UN-backed Principles for Responsible Investment; Jenn-Hui Tan, Global Head of Stewardship & Sustainable Investing at Fidelity International; Anne-Maree O'Connor, Head of Responsible Investment for New Zealand Superannuation Fund; Kate Turner, Responsible Investment Specialist at First Sentier Investors; Mans Carlsson, Head of ESG Research at Ausbil Investment Management Limited; and Andrew Adams, Modern Slavery Project Lead at CCLA Investment Management.
In this episode of the PRI podcast, the PRI's CEO Fiona Reynolds speaks with Dr Bronwyn King AO, Founder, Director and CEO of Tobacco-Free Portfolios. They discuss the Tobacco-Free Finance Pledge, the progress the initiative has made since its launch, the impact of COVID-19, links between human rights and tobacco, big issues on the horizon and more.
In this episode of the PRI podcast, Gail Whiteman, Professor of Sustainability, University of Exeter & Founder, Arctic Basecamp speaks with Peter Bakker, President and CEO of the World Business Council for Sustainable Development (WBCSD) and the PRI’s CEO, Fiona Reynolds. They discuss WBCSD and the PRI’s new collaboration created to redesign engagement between corporates and investors and to drive sustainability outcomes and value creation. The podcast explores the rationale behind this critical and unique collaboration and what it aims to achieve.
In this episode of Finance Against Slavery and Trafficking: The Podcast, we consider the financial logic of slavery. We'll learn how debt is used to control trafficking victims. We will hear why some businesses treat workers as disposable, depreciating assets, more like machines than people. And we'll hear about the implications of this financial logic for financial markets.This podcast is hosted by James Cockayne, Head of Secretariat for the Liechtenstein Initiative for Finance Against Slavery and Trafficking (FAST). Guests in this episode include Dr Katarina Schwarz, Assistant Professor of Antislavery Law and Policy at the University of Nottingham and Associate Director at the Rights Lab; Professor Kevin Bales, Professor of Contemporary Slavery at the University of Nottingham; Timea Nagy, survivor leader, small business owner, and global anti-trafficking activist; and Fiona Reynolds, CEO of the UN-backed Principles for Responsible Investment and former Chair of the Financial Sector Commission on Modern Slavery and Human Trafficking.Dr Schwarz describes the different legal provisions surrounding modern slavery around the world that allow the practice to continue, and Timea Nagy explains the real world impact that these provisions can have on a personal level. Professor Bales meanwhile discusses the evolving costs involved in slavery when workers are treated as disposable assets, and Fiona Reynolds explains the deep connection between slavery and financial practices and investments.
Welcome to Finance Against Slavery and Trafficking: The Podcast. Each episode we'll take you on a deep dive into the connections between global finance and modern slavery and human trafficking. We'll look at all the different ways the financial sector can harness its leverage to end modern slavery, forced labour and human trafficking, and bring you a roundup of all the latest developments, from ESG regulation to revealing research.In this introductory episode, we'll introduce you to the relationship between global finance and modern slavery, the team at Finance Against Slavery and Trafficking, and we'll start our journey into understanding how the financial sector can help end slavery.This podcast is hosted by James Cockayne, Head of Secretariat for the Liechtenstein Initiative for Finance Against Slavery and Trafficking (FAST). Guests in this episode include Timea Nagy, survivor leader, small business owner and global anti-trafficking activist; Ambassador Christian Wenaweser, the Permanent Representative of Liechtenstein to the United Nations; and Fiona Reynolds, CEO of the UN-backed Principles for Responsible Investment and former Chair of the Financial Sector Commission on Modern Slavery and Human Trafficking.Timea Nagy presents a survivor perspective on the experience of being trafficked and the role that debt plays in the process. Ambassador Wenaweser and Fiona Reynolds discuss how the Liechtenstein Initiative was set up and the goals it aims to achieve.
The coronavirus crisis has accelerated sustainability, bringing to light issues around the environment, our climate and company behavior. But as global economies begin to restart and reach a new normal, can sustainability accelerate recovery?On this episode of The Bid and our mini-series, “Sustainability. Our new standard,” we hear from leaders in sustainability, including Mindy Lubber, CEO and President of CERES; Fiona Reynolds, CEO of the Principles for Responsible Investment; Marissa Drew, CEO of Impact Advisory and Finance for Credit Suisse; and Peter Bakker, President and CEO of the World Business Counsel for Sustainable Development, in a conversation from BlackRock’s annual Global Summit.This material is for informational purposes and is prepared by BlackRock, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. 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Join us for the Sanctuary First Weekly Review - a relaxed, informal conversation with the Sanctuary First team and special guests reviewing the past week. Expect laughter, music and surreal tangents… This week Albert, Laura and Iain are joined by Fiona Reynolds and Scott Shackleton.
Investors are moving to hold companies such as Amazon more accountable on workforce management during the COVID-19 crisis, Fiona Reynolds, the CEO of PRI, or the Principles for Responsible Investment, said in an exclusive interview for the latest episode of ESG Insider, an S&P Global podcast. To prevent the spread of the coronavirus, many governments have ordered social distancing and for people to stay home, with exception to essential workers. But this has meant that many companies that relied on people traveling, shopping, going out to eat for their revenues have experienced significant financial problems and many have furloughed or have been forced to lay off employees. PRI's hundreds of signatory investors that collectively manage about $90 trillion in assets are "extremely concerned about what's happening within the workforces within the corporations that they're invested in," said Reynolds. PRI has organized focus groups aimed at helping investors engage with companies on coronavirus issues, including by asking questions of the companies at their annual shareholder meetings. "We need to be stronger on social issues and human rights and make sure that the companies that we invest in understand that we care about the workforce," Reynolds said. "Because we know from all of the evidence, the academic evidence that is out there, (that) when you have a company that has happy employees, you're a better company and you perform better." Reynolds also outlined how she envisions investor and government expectations might change on workforce issues coming out of the coronavirus crisis. PRI is a project the United Nations launched in 2006 that has evolved into an international network of investors who have agreed to apply six sustainability principles to their investment decisions and practices. Also in the episode, Reynolds and S&P Global Market Intelligence e-commerce reporter Katie Arcieri outline the pressure Amazon has come under for worker safety issues both from employees and investors and how the company says it is working to address those concerns. (Photo: AP)
Recorded during the global COVID-19 pandemic, in this episode of the PRI podcast, the PRI's CEO, Fiona Reynolds, speaks to Sharan Burrow, General Secretary of the International Trade Union Confederation (ITUC). They discuss the role investors can play to support the health and safety of workers during this time; how investors can mitigate negative impacts on workers in the gig economy; and how we can ensure the rights of women and vulnerable groups are considered during the crisis. Want more investor resources on COVID-19? Visit our COVID-19 landing page
Join the PRI's CEO Fiona Reynolds for this episode of the PRI podcast as she speaks with special guest, David Blood, Co-Founder and Senior Partner, Generation Investment Management. Along with The Generation Foundation and UNEP FI, the PRI recently launched the project A Legal Framework for Impact, which aims to make the consideration of sustainability impact in investor decision making a core part of investment activity within the decade. In this episode, Fiona and David discuss the crucial role of investors in considering the real-world impacts of their investments. Interested in the resources discussed in this podcast? A Legal Framework for Impact
Following the launch of the Investor Year of Action on Antimicrobial Resistance (AMR) at Davos, the PRI's CEO Fiona Reynolds, sat down with Dame Sally Davies, UK Special Envoy on Antimicrobial Resistance. Together they discuss what AMR is, why it should be on everyone’s radar and critically, the role investors can play in making change happen. This episode was recorded prior to the coronavirus outbreak in Europe. While a separate matter to AMR, Covid-19 is another issue we must act now on.
In this episode of the PRI podcast, the PRI's CEO Fiona Reynolds is joined by Nigel Topping, the COP26 High-Level Climate Action Champion. The UK will host COP26 in Glasgow in November against a backdrop of urgency; we need to reduce emissions by 50% within the next ten years to stand any chance of limiting global warming to 1.5 degrees. 2020 must be the year of action – and the 2020s the decade of action. Fiona and Nigel discuss the critical role of non-state actors – in particular investors – in achieving this, and making COP26 a success. Interested in the resources discussed in this podcast? Inevitable Policy Response: https://www.unpri.org/inevitable-policy-response/what-is-the-inevitable-policy-response/4787.article Climate Action 100+: http://www.climateaction100.org/ UN-convened Net-Zero Asset Owner Alliance: https://www.unpri.org/climate-change/un-convened-net-zero-asset-owner-alliance/5370.article The Investor Agenda: https://theinvestoragenda.org/ Climate change and the just transition: a guide for investor action: https://www.unpri.org/academic-research/climate-change-and-the-just-transition-a-guide-for-investor-action/3202.article
In this episode, the PRI's CEO, Fiona Reynolds, speaks with our very special guest, Ted Kennedy, Jr. As a paediatric bone cancer survivor and amputee, Ted has been an active leader in the movement to expand opportunities for persons with disabilities. As well as a leading healthcare regulatory attorney, he is the chair of the board of the American Association of People with Disabilities (AAPD). He also advises employers on best practices and compliance with the Americans with Disability Act, as well as lectures worldwide on healthcare policy and disability law. Ted is also involved with The Disability Equality Index, America's leading corporate benchmark tool for disability equality inclusion. Fiona and Ted discuss why disability inclusion in the workplace is an 'S' issue for investors, and why they should look at diversity from a strategic perspective. Want to join the PRI webinar on disability inclusion on 19 February? More information here: http://bit.ly/36DE8Sf Interested in the resources discussed in this episode? Disability Equality Index: http://bit.ly/36BT4jR Joint investor statement: http://bit.ly/2QDxFkP Accenture, 'Getting to equal': https://accntu.re/2QUY3Fy
Journal of Modern Slavery Assistant Editor Dr. Tina Davis interviews Fiona Reynolds. Fiona is Chair of the Liechtenstein Initiative’s Financial Sector Commission on Modern Slavery and Human Trafficking. The Commission has just presented their final report to the UN: A Blueprint for Mobilizing Finance Against Slavery and Trafficking. In this episode, Fiona elaborates on the role of the financial sector in the ongoing battle against human trafficking and modern slavery.
Beyond Meat initial public offering (IPO) share price soars over $80 from $25 surprising everyone and encouraging offerings that could excite ethical and sustainable investors. Learn how to find animal-friendly investments. UN agency PRI says socially responsible investing (SRI) should wake up to modern slavery. Unilever better investment over Johnson & Johnson says sustainability analyst. Transcript & Links May 10, 2019 Hello, Ron Robins here. Welcome to my podcast Ethical & Sustainable Investing News to Profit By! for May 10, 2019. Presented by Investing for the Soul. investingforthesoul.com is your site for vital global ethical and sustainable investment resources. Now to this podcast. Again, for any terms that are unfamiliar to you, simply Google them! Also, you can find a full transcript, live links and sometimes bonus material at my podcast page located at investingforthesoul.com/podcasts ------------------------------------------------------------- Many of you listening are interested in ESG or SRI bond and fixed income investments. And with good reason. A recent article titled, Largest 10 Socially Responsible Fixed Income ETFs, by Todd Shriber of ETF Trends, reviews two leading funds in this space. They are the iShares Global Green Bond ETF (on Nasdaq GM: ticker BGRN) and VanEck Vectors Green Bond ETF (on the NYSEArca: ticker GRNB). These bond funds have great pedigrees. However, the article’s title might suggest the review is of ten SRI fixed income ETFs and that’s a little misleading. Concerning the ten listed—but not reviewed—I wouldn’t put them in the same category as the two funds examined in the article. The SRI credentials of the ten listed are mainly that they invest in government securities and blue-chip company bonds. Of course, governments fund all sorts of things that ethical and sustainable investors might argue aren’t socially responsible. And even though blue-chip companies such as Apple are frequently top SRI holdings, their bonds aren’t usually going directly to fund green projects. Whereas, the iShares Global Green Bond ETF and VanEck Vectors Green Bond ETF specifically fund projects and activities related to environmental and social concerns. ------------------------------------------------------------- Well, I can’t resist the temptation to not talk about the great Beyond Meat initial public offering! It came out at $25 on May 2 and has traded over $80 since then. For a good review of what the company is and what it faces regarding competition etc., see this MarketWatch post, Beyond Meat goes public with a bang: 5 things to know about the plant-based meat maker, by Ciara Linnane. Quoting Ciara, she says, "The maker of the Beyond Burger, which is sold at Whole Foods and restaurant chain TGIF, among others, priced its initial public offering at $25 a share… raising at least $240 million at a valuation slightly shy of $1.5 billion." Close quote. Now at $80 a share Beyond Meat has a staggering market valuation of about $5 billion! I'm delighted to see this offering, as one of the most important things we can do to slow down carbon emissions and climate change, is to reduce our consumption of meat. However, some climate researchers are skeptical about the net benefit of highly processed vegetarian and vegan offerings on the climate. That this IPO went so well is a testament to the fact that even many conservative financial types are recognizing there’s money to be made in climate change. However, I suspect that most of the interest probably comes from younger investors. Furthermore, this could indicate the beginning of a thrilling era for new investment offerings that ethical and sustainable investors can get excited about! Obviously, the underwriters significantly underestimated demand for Beyond Meat’s shares. When IPOs triple in price right after being launched it means that the issuer—the company—could have gotten far more for their shares. Though Beyond Meat is probably happy, they’re probably unhappy that they could’ve raised double or triple of what they got! So, Beyond Meat is an exciting short-term play but with so many competitors to its products over the medium to long-term, it's not obvious it will be a winner yet. ------------------------------------------------------------- For a good review of what Beyond Meat’s success means for two burger chains offering vegan burgers, see this post, titled, Tim Nash's sustainable stock showdown: battle of the burger chains, Corporate Knights, Canada. Admittedly this review is of the Canadian market, but it has bearing on the US and other markets too. Of course, Americans or anyone can invest in the Canadian stocks of the burger chains mentioned in that post. After a great review, Mr. Nash finalizes his recommendation as follows, and I quote, “A&W Food Services of Canada (which has no corporate connections to A&W’s American locations) is obviously a much smaller company than Restaurant Brands, but... with a higher dividend and a lower beta, A&W provides a nice mix of income and growth potential. The chain is the clear winner.” Close quote. ------------------------------------------------------------- Now, for ethical and sustainable investors interested in the animal-friendliness of their investments, read this article by Meredith Jones of MarketWatch, titled, Opinion: Here’s how to check the animal-friendliness of your investments. Quoting her, she says, “It’s easy to check which individual stocks are ‘cruelty-free,’ but you can’t yet invest in a vegan investment index." She offers several ways to checking which investments are free of animal-related products and testing. If you’re interested in finding more organizations that can help you in this endeavor, check-out my Investing for the Soul sites’ pages Environmental Organizations & Resources and Organizations Promoting Corporate Ethical, Social & Environmental Responsibility. ------------------------------------------------------------- Turning to a completely different aspect of investing, let’s talk about separately managed accounts at financial institutions compared to owning a portfolio of ETFs. Now separately managed accounts aren’t for everyone as they usually require a sizeable investment. However, if you meet the threshold they could be better for US investors than ETFs, says Johny Mair at ThinkAdvisor. Mr. Mair says in an article titled, ETF vs. SMA: Which Is Better for Sustainable Investing? That, and I quote, “SMAs are ideal for values-based investing as they allow investors to actively screen for certain product areas (e.g. oil, tobacco), or ‘bad actors’ that they deem antithetical to their values. They also allow for more specificity, e.g. designating a certain percentage of revenue from carbon emissions to be included in one’s portfolio. Furthermore, because SMA investors directly own the underlying securities, they can opt to play an active shareholder role, working to impact corporate behavior through voting proxies or shareholder resolutions." End quote. Of course, for those who might not have the means for an SMA—or even for those who do—check out my DIY Ethical-Sustainable Investing Pays Tutorial. There, in 1-hour you can get a handle on how to easily and very cheaply put together your own personal values-based profitable portfolio—nonmatter its size. ------------------------------------------------------------- In looking for companies we all want to know about their ESG ratings. However, you might not be aware of which ESG rating firms are good. Well, a new report reviews the various ESG rating services. Go to this recent post in IR Magazine, headlined, ESG Ratings – A look at the ESG ratings landscape. Register at the bottom of the page to download the PDF report. ------------------------------------------------------------- Ethical and sustainable investors are concerned with many issues, but one that they might not have thought of and which is still a global problem is modern slavery. Fiona Reynolds, head of the UN’s Principles of Responsible Investment (PRI), says that ‘“There are a lot of ESG conversations around climate change ... but it is interlinked with modern slavery,’ Reynolds told the Thomson Reuters Foundation in an interview. ‘We see many climate migrants and refugees who end up vulnerable and at risk of being trafficked,’ she added.” Close quote. Another quote from the article states, that, “The U.N. estimates that some 40 million people are trapped in modern slavery, from factory jobs to forced marriages.” End quote. Perhaps it’s something you might ask the companies you like who might have the potential for such involvement. The Reuters post is by Kieran Guilbert and titled, 'Look for the laggards' - investors told to target modern slavery. ------------------------------------------------------------- Lastly, another good comparative analysis by Tim Nash at Corporate Knights for ethical and sustainable investors has the title, Tim Nash’s sustainable stock showdown: Johnson & Johnson vs. Unilever. He says, and I quote,” With thousands of J&J cancer lawsuits pending, you might want to freshen up your portfolio with a cleaner company… J&J and Unilever are companies with very similar financial profiles, but, in my view, Unilever’s brand is thriving while Johnson and Johnson’s is deteriorating.” For decades, J&J has a been a favorite investment for ethical investors—but not so much anymore as Mr. Nash’s post makes clear. Yet, most ESG funds still have it in their holdings. Check your holdings and see. Perhaps you still like J&J for other reasons. However, at the very least, these lawsuits and the negative publicity surrounding them is proving costly to the firm’s bottom line and stock price. ------------------------------------------------------------- So, these are my top news stories for ethical and sustainable investors over the past two weeks. Again, to get all the links or to read the transcript of this podcast and sometimes get additional information too, please go to investingforthesoul.com/podcasts and look for this edition. And remember, I’m here to help you grow in your investment success—and investing in opportunities that reflect your personal values! Please don’t hesitate to contact me if you have any questions about the content of this podcast or anything else investment related. I can’t say I’ll have all the answers for you and some answers I can’t give due to licensing restrictions. But where I can help I will. Now, a big thank you for listening—and please click the share buttons to share this podcast with your friends and family. Come again! Bye for now!
Investors have traditionally been left out of the dialogue between states, NGOs, civil society and corporations on social and environmental issues. Learn how that's changing as international investor initiatives, like the Principles for Responsible Investment (PRI), are coalescing investor interests to replicate the success of the Paris Agreement in other dimensions, such as labour rights and economic inequality. For more information visit www.man.com/maninstitute/responsible-investment This podcast was recorded on 01 June 2018. Important information: This podcast should not be copied, distributed, published or reproduced, in whole or in part. Opinions expressed are those of the author and may not be shared by all personnel of Man Group plc ('Man'). These opinions are subject to change without notice, are for information purposes only and do not constitute an offer or invitation to make an investment in any financial instrument or in any product to which any member of Man's group of companies provides investment advisory or any other services. Any forward-looking statements speak only as of the date on which they are made and are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements. Unless stated otherwise this information is communicated by Man Solutions Limited which is authorised and regulated in the UK by the Financial Conduct Authority. In the United States this material is presented by Man Investments Inc. ('Man Investments'). Man Investments is registered as a broker-dealer with the US Securities and Exchange Commission ('SEC') and is a member of the Financial Industry Regulatory Authority ('FINRA'). Man Investments is also a member of Securities Investor Protection Corporation ('SIPC'). Man Investments is a wholly owned subsidiary of Man Group plc. ('Man Group'). The registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed Man Investments. In the US, Man Investments can be contacted at 452 Fifth Avenue, 27th floor, New York, NY 10018, Telephone (212) 649-6600. Copyright Man 2018
As the 70th anniversary of the NHS is celebrated nationally, our special guests give us an insight into healthcare in the West Midlands and what the future holds for the health service. Dr Fiona Reynolds, chief medical officer at Birmingham Women's and Children's Hospital NHS Foundation Trust, and Richard Samuda, chairman of Sandwell & West Birmingham NHS Trust join us.
This month we weave in and out of a conversation we had with Dame Fiona Reynolds, former Director-General of the National Trust. As Fiona shares about beauty, land, rewilding and much more, we hear from Welsh upland sheep farmer Rees Roberts and spiritual ecologist & artist Nessie Reid with what they think about these issues and ideas. Beauty may seem a little airy-fairy and disconnected from the realities of running a farming business. But please do hear us out to the end…this is about bringing power back to the people. Fiona’s recent book The Fight for Beauty is a call to arms for all of us to pay more attention to matters of the earth and oceans. We caught up with Fiona and she told us how she sees farming fits into the future of a Britain built on beauty.
Simon Ingram tackles the forbidding rock face of the mountaineering memoir, while Fiona Reynolds mounts a passionate plea for the defence of our natural landscape
How can multidisciplinary working work in practice, and what benefits can it bring to hospital pharmacy?EJHP editor V'Iain Fenton-May discusses these questions with Fiona Reynolds, deputy chief medical officer, Birmingham Children's Hospital.This podcast was recorded at the 18th congress of EAHP. For more information see eahp.eu.
Edition 3 of the Walks Around Britain podcast features Angela Charlton, Director of Ramblers Cymru talking about the Wales Coastal Path, a great photographic competition in the UK's National Parks, 2 walking festivals in May and interviews with Dame Fiona Reynolds and Mike Harding at Kinder 80. #AndrewWhite #DameFionaReynolds #Edition2 #MikeHarding #NationalTrust #podcast #Ramblers #RamblersCymru #rambling #walk #walking #WalkingFestivals #walks #WalksAroundBritain #AngelaCharlton #WalesCoastalPath #WinningLandscapes #NationalParks #Kinder80
This week the castaway on Desert Island Discs is the Director General of the National Trust, Fiona Reynolds. Passionate about the countryside, the job at the National Trust was a dream come true for Fiona, but six weeks into the job she was faced with Foot and Mouth and had to make the drastic decision to close almost all of the National Trust properties. In conversation with Sue Lawley, she talks about her life and work and chooses eight records to take to the mythical island. [Taken from the original programme material for this archive edition of Desert Island Discs] Favourite track: The Salutation from Dies Natalis by Finzi Book: The Making of the English Landscape by W G Hoskins Luxury: The full collection of Ordnance Survey maps of the British Isles
This week the castaway on Desert Island Discs is the Director General of the National Trust, Fiona Reynolds. Passionate about the countryside, the job at the National Trust was a dream come true for Fiona, but six weeks into the job she was faced with Foot and Mouth and had to make the drastic decision to close almost all of the National Trust properties.In conversation with Sue Lawley, she talks about her life and work and chooses eight records to take to the mythical island.[Taken from the original programme material for this archive edition of Desert Island Discs]Favourite track: The Salutation from Dies Natalis by Finzi Book: The Making of the English Landscape by W G Hoskins Luxury: The full collection of Ordnance Survey maps of the British Isles