Podcasts about sfdr

W tym odcinku rozmawiamy z dr. Rafałem Cieślikiem, jednym ze współautorów raportu POLSIF „Bariery i szanse regulacyjne i rynkowe" (Instytut Odpowiedzialnych Finansów, 2026). Punktem wyjścia jest diagnoza polskiego rynku zrównoważonych produktów inwestycyjnych (SFDR) i luka dojrzałości dzieląca nas od Europy Zachodniej — widoczna w pasywności regulatorów, dominacji „jasnozielonych" funduszy i ryzyku greenwashingu.Rozmawiamy też o barierach rozwoju rynku, takich jak brak rzetelnych danych ESG, uzależnienie od zagranicznych ratingów czy niska świadomość inwestorów, oraz o największej szansie — modelu transition finance, czyli finansowaniu transformacji energetycznej (brown-to-green), które przy luce inwestycyjnej rzędu co najmniej 200 mld euro może stać się strategiczną niszą dla krajowych funduszy. Zapraszamy!

How does the field of responsible investment compare to a decade ago? In this episode of Frankly Speaking, Richard Howitt was joined by Nathalie Dogniez, chair of Eurosif and Independent Director of The Director's Office, and Julian Toth, Executive Director of the Czech Sustainable Investment Forum and Investment Manager at Soulmates Ventures. Together they discussed the ESG backlash against sustainable finance, as well as their verdict on what the field looks like post Omnibus 1. You'll also hear about: Eurosif's recent discussion paper on responsible investment in defence  To what extent the value chain cap in the CSRD will limit the information that investors need  Whether or not the EU Green Deal is still alive  Nathalie's position on SFDR 2.0 Why Omnibus 1 represents a significant step backwards Listen in and follow us on LinkedIn and Youtube! 

On this episode of Margin Notes, FT Adviser editor Simoney Kyriakou speaks with Sergei Cristo, author of new research from the University of Buckingham, which has revealed more than 400 SFDR-badged funds were deliberately investing in Russia right up to the February 2022 invasion, even as tanks were rolling to the border. This was not an inadvertent allocation: data shows these ESG funds deliberately added more exposure to Russian bonds and Russian companies to capitalise on rising yields and stock prices weeks after Putin had declared his intention to invade.The FTAdviser Podcast is designed to inform regulated UK advisers on a range of topics, covering investments, pensions, regulation and other key issues. Hosted on Acast. See acast.com/privacy for more information.

De Dekkingsgraad is de tweewekelijkse nieuwspodcast van Pensioen Pro. Daarin lichten redacteuren van Pensioen Pro in ongeveer een half uur het belangrijkste pensioennieuws van de afgelopen periode toe. In deze aflevering: Algemeen pensioenfondsen Stap en Het Nederlandse Pensioenfonds willen volgend jaar fuseren. Daarmee anticiperen ze op een verwachte nieuwe consolidatieronde onder pensioenfondsen na invoering van het nieuwe pensioenstelsel, vertelt hoofdredacteur Maarten van Wijk. Pensioenfondsen mogen straks alleen nog over hun duurzame beleggingen communiceren als minimaal 70 procent van hun beleggingen voldoet aan bepaalde esg-criteria. Dat staat in de herziene versie van de Europese duurzaamheidswetgeving SFDR. Hoe dit zit, vertelt redacteur Tjibbe Hoekstra. En: een grote meerderheid van pensioenspecialisten ziet de relatief lage vlakke pensioenpremie van gemiddeld 10 tot 13% in nieuwe dc-regelingen als een probleem. Het kan volgens hen leiden tot pensioenarmoede, blijkt uit een enquête. Hoe het komt dat de premies zo laag zijn, legt redacteur Lieuwe Koopmans uit. Presentatie: Ilse Akkermans See omnystudio.com/listener for privacy information.

EU and UK rules still shifting: The EU's omnibus rollback has narrowed the scope of corporate sustainability reporting, but the standards themselves remain unfinished and last-minute changes to improve alignment with international frameworks could prove contentious.SFDR reform sidelines private markets: Member states are divided on key aspects of the Commission's proposed SFDR overhaul, with engagement as an investment approach, grandfathering and category criteria all contested — and private markets concerns still largely unaddressed.Time to engage is now: Some positive signals are emerging, including Sweden's push to adapt the framework for unlisted assets and calls to extend transition periods, but private markets participants need to act quickly to shape the final rules.Links:https://www.traverssmith.com/knowledge/knowledge-container/the-omnibus-reaches-its-destination-csrd-and-cs3d-20/https://www.responsible-investor.com/eu-weighing-last-minute-move-to-adopt-issb-sustainability-standards/https://www.traverssmith.com/knowledge/knowledge-container/ready-set-report-the-fca-fires-the-starting-gun-on-uk-sustainability-reporting/https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-the-uks-cautious-roll-out/https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-six-fixes-for-sfdr-20/https://data.consilium.europa.eu/doc/document/WK-3931-2026-INIT/en/pdfhttps://www.investeurope.eu/publications-policy/publications/2026/invest-europe-position-paper-on-sfdr-20/https://doi.org/10.1093/jfr/fjac001

In this episode of CFA UK's In Conversation podcast, host Olly King sits down with Jegor Tokarevich, CEO of Substance Over Form (SOF), to explore the evolving landscape of sustainable finance regulatory reporting in private markets. Jegor shares insights into the growing complexity of ESG compliance across frameworks such as SFDR, the EU Taxonomy, and CSRD, and discusses how these regulations are reshaping expectations for both General Partners (GPs) and Limited Partners (LPs). The episode also explores: Jegor's perspective on the key ESG reporting challenges facing private equity and private debt managers The impact of fragmented data and lack of standardisation in private markets How SOF supports GPs, LPs, and portfolio companies with ESG data collection and validation The importance of early alignment between LPs and GPs on ESG Advice on staying agile amid rapidly evolving regulatory requirements Tune in for an insightful conversation on ESG regulation, data challenges, and how collaboration and technology are shaping the future of sustainable investing in private markets.

Do the European Commission's proposed changes to the Sustainable Finance Disclosure Regulation (SFDR) go far enough in resolving the weaknesses of the original legislation? In this episode of Frankly Speaking, Richard Howitt was joined by Leo Donnachie, Senior Policy Specialist, Sustainable Finance at the Institutional Investors Group on Climate Change and David Němeček, Senior Sustainable Finance Expert at Responsible Companies, Frank Bold. Together they discussed what has and hasn't worked with the current SFDR from the institutional investor perspective, as well as why the original legislation needed improvement. You'll also hear about: The main recommendations in Frank Bold's legal analysis of SFDR 2.0, including on thresholds and new product categories  To what extent the strengthened emphasis on exclusions in the Commission's proposal weakens the impact of the regulation What impact Omnibus 1 has had on investors, and whether it's created greater alignment with companies  What SFDR needs to really shift the dial on sustainable finance: effective accompanying policy measures, from the Savings and Investments Union to the Clean Industrial Deal  Listen in and follow us on LinkedIn and Youtube!  

SFDR 2.0: Six fixes for private marketsCurrent SFDR 2.0 proposals risk sidelining private funds—imposing impractical rules, stifling innovation, and missing the unique strengths of private capital. Is the EU about to bake greenhushing into law?What's at stake for private funds?Proposals that overlook private markets: The draft framework applies retail-focused logic to all, missing how private markets operate. Ill-fitting rules could disrupt strategies and burden sponsors with unintended consequences.Limits on communication with professional investors: Preventing tailored ESG disclosure does more harm than good. Professional LPs want detail, transparency, and meaningful engagement on ESG strategy—yet current rules encourage silence instead.A missed opportunity for genuine engagement: Private equity influences sustainability through stewardship and direct ownership. Engagement should be central—not sidelined—to all fund categories.Operational impracticalities: Rules on exclusions and portfolio alignment don't match the realities of investing in illiquid assets. Holding managers liable for market events out of their control is unworkable. Similarly, one-year compliance for funds-of-funds is unrealistic.What Needs to Change?Permit open ESG dialogue with professional investors—exempting such communications from the tightest restrictions.Recognise engagement as a core component of private fund ESG.Give managers practical leeway on exclusions and portfolio reporting, including time to adjust in fund-of-funds.Rethink fund labels. “ESG Basics” risks confusion and is, quite simply, not fit for purpose.Practical Takeaways:Now is the moment for asset managers to shape the rules: engage with policymakers, highlight the operational realities of the industry, and push for changes that reflect how private markets actually deliver sustainable impact.Start preparing for late 2027, but focus on influencing the detail today.How will you use your stakeholder voice as SFDR 2.0 moves forward?Links:https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-the-commissions-sfdr-proposal-fails-to-deliver-clarity/https://www.traverssmith.com/knowledge/knowledge-container/finalised-sfdr-20-proposals/

Simone Ruiz-Vergote, Head of Sustainable Finance Policy Research at MSCI, joins host Nicole Gehrig, Director of Global Industry Standards at CFA Institute, to discuss the European Commission's proposed reforms to the Sustainable Finance Disclosure Regulation (SFDR 2.0). They examine the move toward clearer sustainability product categories, expectations around data and substantiation, and how asset managers can prepare for the next phase of sustainable finance regulation. The conversation also explores global interoperability, the role of transition and impact strategies, and what success could look like for SFDR 2.0 in improving transparency, comparability, and investor confidence. Listen now to gain practical insights into one of the most significant regulatory developments shaping sustainable finance in Europe and beyond.

Gerade knallen in manchen Chefetagen die Sektkorken: Das EU-Omnibus-Paket nimmt vielen Unternehmen Berichtspflichten ab. Aber für dich als Sustainability Manager heißt das nicht „zurücklehnen“, denn: Banken & Aufsicht drehen beim Thema Klimarisiken weiter auf. In dieser Folge entlarven Alexandra Bolena, ESG-Investments-Expertin, und Meike Lerner, Nachhaltigkeitsreferentin einer Bank, die größten Irrtümer rund um CSRD, CSDDD und Sustainable Finance in Europa. Host Zackes Brustik bringt beide Autorinnen der bekannten „Für Dummies“-Reihe erstmals zusammen – und liefert Dir als Sustainability-Profi wertvolle Insights: "EU Sustainable Finance Anforderungen für Dummies". Nach dieser Episode weißt du: ✅ Warum der Finanzsektor das Thema Nachhaltigkeit für Unternehmen neu antreiben wird. ✅ Warum die Änderung des Kreditwesengesetz (KWG) oder die EU-Gebäuderichtlinie die Rolle der Banken für deine Nachhaltigkeitsstrategie verändern. ✅ Warum Banken künftig Transitionspfade und ESG-Daten einfordern – auch von Nicht-CSRD-pflichtigen Unternehmen. Klingt trocken? Nicht mit diesen zwei Expertinnen! Alexandra und Meike liefern einen lebendigen Crash-Kurs in Sustainable-Finance-Maßnahmen der EU rund um die ESMA (European Securities and Markets Authority), SFDR, Artikel 7,8 und 9 oder die EBA-Guidelines. Genau richtig, wenn du als Sustainability-Manager oder ESG-Berater neue Hebel suchst, um die Geschäftsleitung bezüglich der ESG-Strategie am Ball zu halten. [Anzeige] Setze für dein Unternehmen auf 100 % saubere Energie! Polarstern Energie geht mit dir Schritt für Schritt die Transformation von Energie, Wärme und Mobilität an. Starte jetzt ohne Invest mit dem Wechsel zu wirklich grünem Strom oder Gas. Und sobald ein umfassendes Energiekonzept ansteht, bleibt Polarstern an deiner Seite. Mit dem Verweis auf 'Gewinne Zukunft' ist eine 30-minütige Erstberatung kostenlos:

In this week's issue of Travers Smith's Alternative Insights, we are looking at the Commission's SFDR proposal fails to deliver clarity.Links:https://www.traverssmith.com/knowledge/knowledge-container/finalised-sfdr-20-proposals/https://www.traverssmith.com/knowledge/knowledge-container/possible-changes-to-the-eu-sfdr-the-european-commission-seeks-views/https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-sustainability-insights-what-will-sfdr-20-look-like/

The EU Sustainable Finance Disclosure Regulation is a corner stone of the EU's plan to cut its carbon emissions and achieve its climate goals. But it's gone through a lot of changes, with the most recent announced on November 20. The question we had is, with these changes, did the EU keep the stated purpose of the SFDR in tact: promoting transparency and ensuring comparability about how sustainable a financial product really is. We answered that question and more on this episode covering the changes the EU Commission made to the SFDR regulation.Host: Mike Disabato, MSCI Solutions & ClimateGuest: Simone Ruiz-Vergote, MSCI Solutions & Climate

On this Ropes & Gray podcast, Michael Littenberg, corporate partner and global head of the firm's ESG, CSR & Business and Human Rights compliance practice, and asset management partner Eve Ellis break down the European Commission's proposed SFDR 2.0 revisions. They discuss new product labels, streamlined disclosure requirements, and the removal of certain compliance pain points. The episode explores operational implications for asset managers, cross-border challenges, and the impact on fund strategies, offering practical advice for navigating the evolving EU ESG regulatory landscape and preparing for upcoming changes.

Zum Newsletter anmelden und Updates direkt am Montag morgen per Mail erhalten: https://bit.ly/newslettersustaind | Einfach auf "Subscribe" klicken Imprint: www.sustaind.de

FCPR EIFFEL INFRASTRUCTURES VERTES géré par Eiffel Investment Group. Les supports non cotés permettent d'investir dans des entreprises ou des projets qui ne sont pas soumis aux fluctuations des marchés financiers et présentent un risque de perte en capital. Les performances passées ne préjugent pas des performances futures. Vie Plus, filière commerciale de Suravenir dédiée aux CGP et courtiers : Tour Trinity – 1 Bis place de la Défense, 92400 Courbevoie. Suravenir, société anonyme à directoire et conseil de surveillance au capital entièrement libéré de 1 305 000 000 €. Siège social : 232, rue Général Paulet - BP 103 - 29802 Brest Cedex 9. Société mixte régie par le code des assurances. SIREN 330 033 127 RCS Brest. Société soumise au contrôle de l'Autorité de Contrôle Prudentiel et de Résolution (4, place de Budapest – CS 92459 – 75436 Paris cedex 9) Eiffel Investment Group SAS, société de gestion de portefeuille au capital de 13.562.636 euros (SIRET no. 51081399100054 ; numéro de TVA intracommunautaire : FR95510813991), dont le siège social est situé 22 rue de Marignan 75008 Paris, et immatriculée au RCS de Paris sous le numéro 510 813 991.Eiffel Investment Group a été agréée en qualité de Société de Gestion de Portefeuille le 1er septembre 2010 par l'Autorité des Marchés Financiers (adresse : 17 place de la Bourse, 75002 Paris) sous le numéro GP-10000035. Document publicitaire dépourvu de valeur contractuelle Pour en savoir plus sur les engagements des sociétés, consultez leur site internet ou référez-vous à la brochure gamme Tremplin. Retrouvez les informations publiées en application du règlement européen dit « SFDR » : reglementaire-priips.suravenir.fr

Le FCPR EPOPEE INFRA CLIMAT CO-INVEST I est géré par Epopée Gestion Les supports non cotés permettent d'investir dans des entreprises ou des projets qui ne sont pas soumis aux fluctuations des marchés financiers et présentent un risque de perte en capital. Les performances passées ne préjugent pas des performances futures. Vie Plus, filière commerciale de Suravenir dédiée au CGP et courtiers : Tour Ariane – La Défense 9 – 5 place de la Pyramide – 92088 Paris La Défense Cedex. Suravenir, société anonyme à directoire et conseil de surveillance au capital entièrement libéré de 1 305 000 000 €. Siège social : 232, rue Général Paulet - BP 103 - 29802 Brest Cedex 9. Société mixte régie par le code des assurances. SIREN 330 033 127 RCS Brest. Société soumise au contrôle de l'Autorité de Contrôle Prudentiel et de Résolution (4, place de Budapest – CS 92459 – 75436 Paris cedex 9) EPOPEE GESTION, SAS, société par actions simplifiée, au capital social de 1327877.0 €, dont le siège social est situé au 110 Rue CHARLES NUNGESSER 29490 GUIPAVAS, immatriculée au Registre du Commerce et des Sociétés sous le numéro 888655404. Document publicitaire dépourvu de valeur contractuelle Pour en savoir plus sur les engagements des sociétés, consultez leur site internet ou référez-vous à la brochure gamme Tremplin. Retrouvez les informations publiées en application du règlement européen dit « SFDR » : reglementaire-priips.suravenir.fr

Le FCPR Edmond de Rothschild Private Equity Opportunities (EdRPEO) est géré par EDRAM PE France Les supports non cotés permettent d'investir dans des entreprises ou des projets qui ne sont pas soumis aux fluctuations des marchés financiers et présentent un risque de perte en capital. Les performances passées ne préjugent pas des performances futures. Vie Plus, filière commerciale de Suravenir dédiée au CGP et courtiers : Tour Ariane – La Défense 9 – 5 place de la Pyramide – 92088 Paris La Défense Cedex. Suravenir, société anonyme à directoire et conseil de surveillance au capital entièrement libéré de 1 235 000 000 €. Siège social : 232, rue Général Paulet - BP 103 - 29802 Brest Cedex 9. Société mixte régie par le code des assurances. SIREN 330 033 127 RCS Brest. Société soumise au contrôle de l'Autorité de Contrôle Prudentiel et de Résolution (4, place de Budapest – CS 92459 – 75436 Paris cedex 9) Elyan Partners SAS is independant and a member of the Edmond de Rothshild Private Equity Partnership. Elyan Partners SAS is registered with ORIAS in the Financial Investment Advisor category under number 21006631. Edmond de Rothschild (France) est une société anonyme à Directoire et Conseil de Surveillance au capital de 83.075.820 euros, dont le siège social est situé 47, rue du Faubourg Saint-Honoré 75008 Paris, immatriculée au Registre du Commerce et des Sociétés de Paris sous le numéro 572 037 026. Document publicitaire dépourvu de valeur contractuelle Pour en savoir plus sur les engagements des sociétés, consultez leur site internet ou référez-vous à la brochure gamme Tremplin. Retrouvez les informations publiées en application du règlement européen dit « SFDR » : reglementaire-priips.suravenir.fr

LE FCPR ELEVATION MIRIAD VIE est géré par ELEVATION Capital Les supports non cotés permettent d'investir dans des entreprises ou des projets qui ne sont pas soumis aux fluctuations des marchés financiers et présentent un risque de perte en capital. Les performances passées ne préjugent pas des performances futures. Vie Plus, filière commerciale de Suravenir dédiée au CGP et courtiers : Tour Ariane – La Défense 9 – 5 place de la Pyramide – 92088 Paris La Défense Cedex. Suravenir, société anonyme à directoire et conseil de surveillance au capital entièrement libéré de 1 305 000 000 €. Siège social : 232, rue Général Paulet - BP 103 - 29802 Brest Cedex 9. Société mixte régie par le code des assurances. SIREN 330 033 127 RCS Brest. Société soumise au contrôle de l'Autorité de Contrôle Prudentiel et de Résolution (4, place de Budapest – CS 92459 – 75436 Paris cedex 9) PartnersElevation Capital Partners est une société de gestion agréée par l'AMF sous le numéro GP-15000006. Document publicitaire dépourvu de valeur contractuelle Pour en savoir plus sur les engagements des sociétés, consultez leur site internet ou référez-vous à la brochure gamme Tremplin. Retrouvez les informations publiées en application du règlement européen dit « SFDR » : reglementaire-priips.suravenir.fr

FCPR ODDO BHF PRIVATE EQUITYgéré par ODDO BHF Asset Management SAS Les supports non cotés permettent d'investir dans des entreprises ou des projets qui ne sont pas soumis aux fluctuations des marchés financiers et présentent un risque de perte en capital. Les performances passées ne préjugent pas des performances futures. Vie Plus, filière commerciale de Suravenir dédiée au CGP et courtiers : Tour Ariane – La Défense 9 – 5 place de la Pyramide – 92088 Paris La Défense Cedex. Suravenir, société anonyme à directoire et conseil de surveillance au capital entièrement libéré de 1 305 000 000 €. Siège social : 232, rue Général Paulet - BP 103 - 29802 Brest Cedex 9. Société mixte régie par le code des assurances. SIREN 330 033 127 RCS Brest. Société soumise au contrôle de l'Autorité de Contrôle Prudentiel et de Résolution (4, place de Budapest – CS 92459 – 75436 Paris cedex 9) ODDO BHF SCA, société en commandite par actions au capital social de 70.000.000 euros située 12, boulevard de la Madeleine, 75009 Paris, immatriculée au RCS de Paris sous le numéro 652 027 384. Document publicitaire dépourvu de valeur contractuelle Pour en savoir plus sur les engagements des sociétés, consultez leur site internet ou référez-vous à la brochure gamme Tremplin. Retrouvez les informations publiées en application du règlement européen dit « SFDR » : reglementaire-priips.suravenir.fr

Le FCPR MULTI STRATEGIES 2 est géré par PAMS Les supports non cotés permettent d'investir dans des entreprises ou des projets qui ne sont pas soumis aux fluctuations des marchés financiers et présentent un risque de perte en capital. Les performances passées ne préjugent pas des performances futures. Vie Plus, filière commerciale de Suravenir dédiée au CGP et courtiers : Tour Ariane – La Défense 9 – 5 place de la Pyramide – 92088 Paris La Défense Cedex. Suravenir, société anonyme à directoire et conseil de surveillance au capital entièrement libéré de 1 235 000 000 €. Siège social : 232, rue Général Paulet - BP 103 - 29802 Brest Cedex 9. Société mixte régie par le code des assurances. SIREN 330 033 127 RCS Brest. Société soumise au contrôle de l'Autorité de Contrôle Prudentiel et de Résolution (4, place de Budapest – CS 92459 – 75436 Paris cedex 9) PAMS est une société par actions simplifiée, au capital social de 1 105 008 euros, enregistrée au Registre du Commerce et des Sociétés de Paris sous le numéro 394 630 420. Document publicitaire dépourvu de valeur contractuelle Pour en savoir plus sur les engagements des sociétés, consultez leur site internet ou référez-vous à la brochure gamme Tremplin. Retrouvez les informations publiées en application du règlement européen dit « SFDR » : reglementaire-priips.suravenir.fr

Bienvenue dans ce nouvel épisode de Private Equity VOX !Nous recevons Thomas Nivard, partenaire chez 360 Capital, fonds paneuropéen pionnier du deep tech et ClimatTech depuis 25 ans. Thomas pilote le nouveau fonds 360 Life 2 qui vient d'annoncer son premier closing à 140 millions d'euros avec un objectif final de 200 millions, dédié exclusivement à la ClimatTech.Au programme de cet échange : sa vision assumée du hardware face à la domination du software en VC européen, l'approche pragmatique de 360 Capital sur l'article 9 SFDR, et les synergies créées avec les partenaires industriels A2A et Denora. Thomas nous dévoile aussi sa stratégie de sourcing vertical, les enjeux de liquidité en VC, et sa vision du marché secondaire.Points clés abordés : l'écosystème ClimatTech européen, l'équilibre entre impact et performance financière, les signaux faibles du marché en 2025, la relation avec les corporates, et les perspectives d'évolution du secteur.Thomas partage sa conviction que la performance financière reste la clé pour créer un impact positif durable sur la transition écologique, loin des approches purement aspirationnelles.Prêt à découvrir une vision décomplexée du VC ClimatTech ? C'est parti !https://www.pe3.iohttps://www.linkedin.com/company/pe-cube/Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

FCPR ARDIAN ACCESS SOLUTION géré par Ardian France Les supports non cotés permettent d'investir dans des entreprises ou des projets qui ne sont pas soumis aux fluctuations des marchés financiers et présentent un risque de perte en capital. Les performances passées ne préjugent pas des performances futures. Vie Plus, filière commerciale de Suravenir dédiée au CGP et courtiers : Tour Ariane – La Défense 9 – 5 place de la Pyramide – 92088 Paris La Défense Cedex. Suravenir, société anonyme à directoire et conseil de surveillance au capital entièrement libéré de 1 235 000 000 €. Siège social : 232, rue Général Paulet - BP 103 - 29802 Brest Cedex 9. Société mixte régie par le code des assurances. SIREN 330 033 127 RCS Brest. Société soumise au contrôle de l'Autorité de Contrôle Prudentiel et de Résolution (4, place de Budapest – CS 92459 – 75436 Paris cedex 9) Société anonyme française au capital de 269 447 €, immatriculée au registre du commerce et des sociétés de Paris (RCS Paris), sous le numéro 403 201 882, dont le siège social est situé 20, place Vendôme, 75001 Paris. Document publicitaire dépourvu de valeur contractuelle Pour en savoir plus sur les engagements des sociétés, consultez leur site internet ou référez-vous à la brochure gamme Tremplin. Retrouvez les informations publiées en application du règlement européen dit « SFDR » : reglementaire-priips.suravenir.fr

En esta entrevista con Estrategias de Inversión, Beatriz Pérez, cogestora del fondo Renta 4 Megatendencias Medio Ambiente, nos explica cómo esta estrategia va más allá del típico fondo temático. Clasificado como Fondo Artículo 9 bajo la SFDR, apuesta por inversiones con impacto ambiental real y combate activamente el greenwashing del sector. Desde su lanzamiento en 2021, ha logrado una destacada rentabilidad (+6,5% en lo que va de año) frente a las caídas de su categoría. ¿La clave? Una cuidada diversificación global, inversión en compañías de pequeña y mediana capitalización con impacto directo en el medio ambiente (como Grenergy), y un firme compromiso con criterios ESG. Descubre cómo seleccionan las temáticas clave como la transición energética o la economía circular, y por qué la transparencia y el compromiso con el cliente son pilares fundamentales de su estrategia. Un episodio imprescindible si te interesa la inversión sostenible. Lee la entrevista completa en la web de Estrategias de Inversión ➡️ https://www.estrategiasdeinversion.com/fondos/que-hace-diferente-a-renta-4-megatendencias-medio-n-828637

In the fourth Sustainability Exchange of the series, Simon invites Paula Langton, Partner and head of the sustainability practice at Campbell Lutyens and Phil Bartram to unravel the complexities of SFDR classification.Listen now to explore:How Article 8, 9, and 6 classifications truly differ, and why it matters in today's fundraising climateShifts in LP preferences, regulatory requirements, "sustainability tourists" and the evolution towards long-term value creationNavigating related obstacles and choosing the appropriate sustainability commitments for your investor base

In this week's issue of Travers Smith's Sustainability Insights we are looking at the ongoing review of the SFDR.Links:https://finance.ec.europa.eu/sustainable-finance/disclosures/sustainability-related-disclosure-financial-services-sector_en#:~:text=attracting%20private%20funding%20to%20help%20Europe%20make%20the%20shift%20to%20a%20net%2Dzero%20economy.https://www.traverssmith.com/knowledge/knowledge-container/possible-changes-to-the-eu-sfdr-the-european-commission-seeks-views/https://finance.ec.europa.eu/document/download/0f2cfde1-12b0-4860-b548-0393ac5b592b_en?filename=2023-sfdr-implementation-summary-of-responses_en.pdfhttps://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14666-Revision-of-EU-rules-on-sustainable-finance-disclosure_enhttps://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14666-Revision-of-EU-rules-on-sustainable-finance-disclosure/F3562074_enhttps://uksif.org/uksif-response-eu-commission-sfdr-call-for-evidence/https://finance.ec.europa.eu/publications/categorisation-products-under-sfdr-proposal-platform-sustainable-finance_enhttps://www.traverssmith.com/knowledge/knowledge-container/simplification-or-deregulation-the-eus-sustainability-omnibus-explained/

Die wöchentlichen Updates aus der Sustainability-Welt präsentiert von Sustaind.Zum Newsletter anmelden und Updates direkt am Montag morgen per Mail erhalten: https://bit.ly/newslettersustaind | Einfach auf "Subscribe" klicken Imprint: www.sustaind.de

V tomto podcastu se zaměříme zejména na český nemovitostní trh a na nový fond ČSOB Nemovitostní. Jaký potenciál tento trh aktuálně nabízí, je lepší vlastnit nemovitost nebo nemovitostní fondu? Nejen na tyto odpovědi se zaměří host Nina Kozáková, předsedkyně představenstva Patria investiční společnosti. Upozornění pro klienty: Investování nemusí být vhodné pro každého a jsou s ním spojena rizika. Tento propagační materiál má pouze informační charakter a nelze jej vykládat jako poskytování investičního poradenství nebo jiné investiční služby, nejedná se ani o návrh na uzavření smlouvy. Hodnota investice může kolísat a její návratnost není zaručena. Minulé výnosy, stejně jako prognózy očekávané výkonnosti, nejsou zárukou výnosů budoucích a nezohledňují případné vstupní a výstupní poplatky a daně. Podrobné informace o fondu, včetně informací o poplatcích a rizicích, naleznete na webové stránce ČSOB Nemovitostní v dokumentech Sdělení klíčových informací, Jak se stanovuje produktové skóre a/nebo v statutu fondu (vše v češtině). Informace o přístupu k udržitelnosti naleznete v SFDR příloze statutu fondu. Podílové listy fondu lze kdykoliv prodat na jakémkoliv obchodním místě ČSOB nebo on-line, přičemž k vypořádání dochází do maximálně 18 dní od podání pokynu k prodeji. Nastanou-li mimořádné tržní podmínky může docházet ke zpoždění vypořádání prodeje podílových listů, ve výjimečných případech až k výraznému zpoždění v řádu let, současně si tvůrce fondu vyhrazuje právo rozhodnout o uplatnění výstupního poplatku až do výše 5 %.

Dans ce nouvel épisode Focus Fonds, nous recevons Foulques de Sainte Marie, directeur général de Mata Capital IM en charge des stratégies grand public. Mata Capital IM est une société de gestion indépendante fondée en 2015. A travers la marque Osmo, elle met son savoir-faire institutionnel au service du grand public dans le but de rendre l'investissement immobilier plus accessible, sans renoncer à l'exigence.  Foulques pilote aujourd'hui la marque Osmo et nous présente Osmo Énergie, une SCPI lancée début 2024 avec commeobjectif : allier performance financière et extra-financière. Déjà labellisée ISR et classée Article 9 SFDR*, elle incarne une nouvelle génération de véhicules immobiliers responsables —  avec un objectif de distribution supérieur ou égal à 6% sur le long terme**. Découvrez :  Le parcours inspirant de Foulques et son rôle dans l'ouverture de Mata Capital IM à l'épargne grand public. Son décryptage du marché immobilier actuel et la genèse d'Osmo, un projet pensé pour répondre aux nouveaux enjeux de performance et de sens. Les piliers fondateurs d'Osmo Énergie et les secrets de sa réussite***. La stratégie opportuniste d'Osmo Energie et son développement progressif sur les marchés européens Les 3 critères selon Foulques pour reconnaître une SCPI solide et pérenne. Bonne écoute !   ----------------------- Savez-vous vraiment comment fonctionne un société de gestion ? Un fonds d'investissement ? Ce qu'il se passe au-delà des chiffres et des due diligences ? Dans "Focus Fonds", nous explorons ce qui se trouve de manière très concrète derrière les investissements des fonds et de leurs investisseurs. ----------------------- Pour accéder aux solutions d'investissements en immobilier proposées par Sapians : hhttps://sapians.com/investissement-actifs-reels  *OSMO Energie poursuit un objectif d'investissement durable conformément à l'article 9 du règlement (UE) 2019/2088 sur la publication d'information en matière de durabilité dans le secteur financier (SFDR) **La SCPI OSMO Energie poursuit un objectif de distribution de 6% annuel sur la durée de détention recommandée (10 ans). Le rendement cible est de 5,50% sur la durée de détention recommandée. Ces objectifs ne sont pas garantis. ***Attention : Les performances passées ne préjugent pas des performances futures et investir comporte des risques de perte partielle ou totale en capital. Cet épisode est une communication à caractère publicitaire qui vise à informer sur le fonctionnement d'une société de gestion et ne constitue pas un conseil d'investissement.  Si vous souhaitez bénéficier de conseils personnalisés, veuillez créer votre compte ou prendre rendez-vous avec un conseiller Sapians.

Quentin Saczewski, directeur des partenariats chez Mata Capital, est l'invité de ce nouvel épisode de Mon Podcast Immo. Au micro d'Ariane Artinian, il présente Osmo Énergie, la première SCPI de Mata Capital, qui combine diversification immobilière et engagement environnemental. Classée article 9 SFDR, cette SCPI vise une performance cible de 6%, revue à 7% pour 2024. Accessible dès 300 €, elle s'adresse à un large public via une plateforme 100% digitale. "Chaque euro collecté, c'est de la performance pour les années à venir," explique Quentin Sakzevski. Attention toutefois, cette performance n'est pas garantie et l'horizon de placement recommandé est de 10 ans.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

In this conversation, David Manuel, Founder and CIO of Beagle Partners LLP, interviews Christine Brentani, Senior Principle Consultant at ACA Group. Discussing the impact of sustainability regulations on asset managers and the changing landscape of the industry, Christine shares her journey from fund management to regulatory risk and compliance. David and Christine also explore the evolution of sustainability regulations and the future trends that fund managers should pay attention to. Christine reflects on her experience attending COP27 and COP28 and the progress being made on key milestones. The CFA UK Sustainability Community is buzzing with daily discussions, virtual meet-ups, and in-person gatherings, offering numerous opportunities for you to get involved. Our Community is a virtual and in-person hub for investment professionals to grow together as sustainable investing experts. This is the go-to place for sustainable investing knowledge, resources and contacts. You can post questions on our forum, connect with other members online and join an informal catch up in the pub. For more information on the Sustainability Community and how to join, click here: shorturl.at/drsHV

In this episode of the Legal Zeidgeist, Kate Horgan is joined by Kwame Taylor, an Associate in Zeidler's ESG Legal Advisory Team, to explore the Sustainable Finance Disclosure Regulation (SFDR). They discuss the recent comprehensive assessment of the SFDR framework, unpacking key findings from the summary report of open and targeted consultations. Kwame provides an overview of the SFDR's objectives, challenges in framework coherence, and mixed stakeholder views on disclosure requirements. 

Private equity, blended finance, new regulations like the SFDR, lack of infrastructure, government instability: these are just some of the challenges investors face in financing and executing impact projects in emerging markets. My guest today, Paul Hailey, Head of Impact and ESG at responsAbility Investments AG, walks us through how the company's projects in South America and North Africa are achieving competitive returns while making significant impacts on climate mitigation, healthcare, education, manufacturing, financial inclusion and quality jobs for the younger generation. Since its inception in 2003, responsAbility has deployed over USD 15 billion in impact investments and currently manages USD 5.0 billion in assets.

Glencore's CEO Gary Nagle has once described ESG as “some person in the basement in office number 27 engaged in a box-ticking exercise.” And a lot of fossil fuel companies – while being less explicit – share the same opinion on ESG… and have voiced their hostility indirectly through complicit media outlets.The ESG movement is facing a significant backlash. On the one hand there has been too much greenwashing, on the other hand, ESG has become a political punching ball in certain US States dependent on the fossil fuel industry. Some European Oil companies want to list in NY to get a better valuation and are complaining about too much sustainability scrutiny. And Larry Fink, Blackrock CEO, went in the last four years from hero to zero of the ESG wave.Going back a few years a lot of the ESG popularity was linked to an overweighting of Tech and Luxury stocks which performed wonderfully, a trend partially reversed by the war in Ukraine and the rise of interest rates. In 2024, we have seen outflows in ESG labelled funds from a peak three years ago. Still, they represent, according to the FT, a 7tnUSD pot of money, so it is a big industry.We're not experts… but a system that rates ExxonMobil higher than Tesla on ESG raises eyebrows.To add insult to injury, there is a multiplication of standards and regulations (CSRD, SFDR) which make the whole ESG universe very confusing. There are byzantine debates about passive vs active management. There are endless conversations about the adequacy of “engagement” and if shareholders should behave as activists. And finally, there is a clear transatlantic drift when it comes to that issue.We are totally lost! To try to understand better if ESG is dead, or if it will have to reinvent itself, we bring in Jean Jacques Barberis Deputy CEO and Head of Institutional and Corporate Clients Division & ESG at Amundi. Amundi is EU's largest EU Asset Manager and a leader in Green investing. Jean-Jacques Barbéris is currently responsible for the global development of the institutional business at Amundi. With Jean Jacques, Laurent and Gerard take no prisoners and call a spade a spade… and then realise that Paris-aligned targets are for real, that “engagement” with companies deliver results, and that a proper investment strategy starts to yield results.We thank DLA Piper for supporting the show.

Il y a 4 ans, j'ai rencontré Joseph à un évènement de France Fintech, avec le projet de créer une FinTech et devenir une référence crédible dans la finance durable. J'observe depuis la progression de la start-up : la création du premier produit d'assurance vie, puis l'assurance pour mineurs, puis le PER, puis la levée de fonds avec entre autres Ring Capital. C'était le bon moment de faire un état des lieux de Goodvest depuis son lancement mais aussi l'occasion de détailler les mises à jour des labels ISR et de l'encadrement SFDR. J'avais envie de regarder de plus près la méthodologie développée par la start-up pour sélectionner les fonds de ses clients, les partenaires et les distributeurs. Vous allez voir que le chemin parcouru est assez épatant !

Extrait de l'épisode de Dimanche Il y a 4 ans, j'ai rencontré Joseph à un évènement de France Fintech, avec le projet de créer une FinTech et devenir une référence crédible dans la finance durable. J'observe depuis la progression de la start-up : la création du premier produit d'assurance vie, puis l'assurance pour mineurs, puis le PER, puis la levée de fonds avec entre autres Ring Capital. C'était le bon moment de faire un état des lieux de Goodvest depuis son lancement mais aussi l'occasion de détailler les mises à jour des labels ISR et de l'encadrement SFDR. J'avais envie de regarder de plus près la méthodologie développée par la start-up pour sélectionner les fonds de ses clients, les partenaires et les distributeurs. Vous allez voir que le chemin parcouru est assez épatant !

The European Union (EU) has ushered in a new era of sustainability reporting, as the Corporate Sustainability Reporting Directive (CSRD) is now effective. With impacts to both EU and non-EU headquartered companies, now is the time to understand the reporting requirements of this sweeping new regulation.Continuing our CSRD series, this week Heather Horn is joined by PwC Netherlands partner Kees-Jan de Vries to discuss the topic of the EU's green taxonomy disclosures for financial institutions, including how the metrics and key performance indicators differ from the baseline taxonomy disclosures, as well as what financial institutions should be doing to prepare. In this episode, you'll hear:2:31 - Explanation of the European Union's green taxonomy and its implications9:14 - Discussion on how the green taxonomy is different for financial institutions12:17 - Breakdown of key performance indicators (KPIs)18:58 - Challenges financial institutions face in reporting on the green taxonomy22:03 - Expectations for banks and insurance companies to seek out more data due to the green taxonomy27:10 - The shift from the Non-Financial Reporting Directive (NFRD) to the Corporate Sustainability Reporting Directive (CSRD) and its impact30:34 - How adoption of taxonomy disclosures requires similar oversight and controls as adoptions of other accounting rules and disclosure frameworksKees-Jan de Vries is a sustainability partner for PwC Netherlands, specializing in reporting for banks and insurance companies. He serves as chair of PwC's international Financial Services Sustainable Reporting Working Group that interprets EU Taxonomy, CSRD, ESRS, and SFDR requirements.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

I have been closely observing for 4 years how Clarity AI has evolved. This team, exceptionally strong in AI topics and with an ultra-strong academic footprint, has developed an interesting offering for the financial sector (among others). Having Angel on the podcast was a chance to delve deeper into their value proposition and understand the values they uphold through their platform. The DNA of this scale-up is fundamentally in sustainability and transparency. So, we took a closer look at the models developed, how their offering has expanded and adapted to the needs dictated by European regulation and what makes their sustainability tech kit the "most comprehensive and granular" in the market. We also talked about clients like Klarna and solutions for meeting the requirements of CRR, SFDR, and TCFD. No wonder Clarity AI has won so many awards.

John Teahan, CFA is joined by Lucille Bonnet, Managing Partner at Klima Energy Transition and Managing Director at Alantra Energy Transition, and member of Supervisory Board at Sunroof. John and Lucille discuss her own career path, and the need for independent investors in European venture capitalism. Looking at the impact from US inflation and the future goal to decentralise green energy, they look deeper at Klima's composition as an SFDR article 9 fund.

In this episode, we have a fascinating guest, Dirk Paelinck, Chairman of the European PropTech Association. Dirk brings us his insights into the European perspective on PropTech and the impending Retrofit Bonanza. Get ready to dig deep into sustainability, energy efficiency, and the challenges and opportunities in the PropTech sector! Part 1: Getting to Know Dirk & European PropTech AssociationIntro: A quick teaser about PropTech Summit 2023 and an insight into the upcoming Retrofit Bonanza.Tommy: A warm welcome to Dirk and an inquiry into his anticipation for the PropTech Summit 2023, along with a surprising revelation about the venue.Martin: Exploring Dirk's myriad roles, likening him to the versatile Elon Musk, and probing into his extensive career and affiliations with PropTech House and Regus.Sustainability Disclosures: Diving deep into corporate sustainability with discussions on SFDR, CSRD, and the transformative EU Green Deal. What do they mean for property owners?Proptech Recognitions: Spotlight on the prominent European PropTech Awards and the buzz surrounding Norway's "Top of the Props" awards.

Een positieve stemming op de beurzen na het rentebesluit van de ECB. En dan niet de verhoging naar 4 procent, als wel de hoop dat het hierbij blijft. "Wat mij betreft was de laatste verhoging deze week niet eens nodig geweest", vindt Najib Nakad van Van Lanschot Kempen. "Gegeven de lage groei is die 4 procent behoorlijk restrictief." Han Dieperink van Auréus Vermogensbeheer is het met Najib eens. "De markt geeft aan dat het genoeg is geweest, en als je kijkt naar de inkoopmanagersindices, die die duiden op een aankomende recessie. De maakindustrie zit eigenlijk in de krimp."Voor de beursgang van chipmaker Arm lopen beide experts niet bepaald warm. "De waardering is te hoog", vindt Najib. "Ze maken chips voor smartphones, ze hebben niet de gewilde AI-chips. Wat mij betreft dus wegblijven." Voor de aanstaande beursgang van sandalenmaker Birkenstock geldt hetzelfde: te duur.Verder in de podcast aandacht voor de cijfers van Adobe en Oracle, en de luisteraarsvragen komen aan bod. Voor de tips richt Han zich op de oliesector met een specifiek aandeel. De tip van Najib zit in dezelfde sector, maar dan een obligatie met de ISIN-code US893830AT68. Geniet van de podcast!BeursTalk Premium!Als je BeursTalk de beste podcast voor beleggers vindt, sluit je dan aan bij BeursTalk Premium! Een abonnement kan per jaar of per maand en geeft je toegang tot podcast specials en columns, geschreven door experts. Je krijgt meer verdieping, meer achtergrondinformatie.Met je abonnement steun je de podcast financieel en levert extra rendement op in vorm van verdiepende content, waardoor je nog betere beleggingsbeslissingen maakt. En je maakt het voor mij mogelijk om de beste podcast voor beleggers te blijven maken. Kortom: alle reden om lid van BeursTalk Premium te worden! Ga naar de site en meld je aan!VanEck ETF'sDeze week is ook weer het tweewekelijks gesprek met Martijn Rozemuller van VanEckETF's, de partner van BeursTalk. Deze week gaan we dieper in op duurzaam beleggen en wat VanEck daaraan bijdraagt.Veel ETF's van VanEck, zo valt te lezen op de website, hebben de toevoeging SFDR art. 8 of art. 9. Martijn legt uit wat die duurzaamheidskwalificaties inhouden. Bovendien wordt duidelijk waarom ook een ETF voor de oliesector of defensie-industrie mogelijk is, ook als je een duurzaam beleid nastreeft. Check de website van VanEck hier voor meer informatie!De gepresenteerde informatie door VanEck Asset Management B.V. en de aan haar verbonden en gelieerde bedrijven (samen "VanEck") is enkel bedoeld voor informatie en advertentie doeleinden aan Nederlandse beleggers die Nederlands belastingplichtig zijn en vormt geen juridisch, fiscaal of beleggingsadvies. VanEck Asset Management B.V. is een UCITS beheerder. Loop geen onnodig risico. Lees de Essentiële Beleggersinformatie of het Essentiële-informatiedocument. Meer informatie? https://www.vaneck.com/nl/nl/Dank voor het luisteren naar BeursTalk! Meld je aan voor de nieuwsbrief op de website.Volg BeursTalk op Twitter of LinkedIn.

Proximo interviews Melisa Simic, a senior director in ESG integration infrastructure at Nuveen, about the integration of ESG frameworks into infrastructure investment. Topics discussed include the benefits of greater standardisation of ESG regulation, the SFDR, and the most challenging asset classes to evaluate in relation to ESG criteria.  

Do emerging and developed market bonds differ when it comes to evaluating sustainability? In Episode 5 of the All Angles podcast, Vish Hindocha and Mahesh Jayakumar discuss how they assess materiality when deciding whether or not to invest in a country's bonds and share their empirical analysis of the impact of different factors on fixed income returns.   Chapters: (1:32) Sustainability in the context of emerging market debt (5:44) Materiality of factors from a financial outcome perspective (9:05) Prioritizing climate, governance and social factors (13:35) Energy security as a frontier issue for EMD (17:16) Providing better transparency and reporting for clients (18:17) MFS approach EMD strategy under SFDR (23:52) Nuances between emerging and developed markets (29:02) Secret question (31:23) WISDOM – What I should do differently on Monday     This material is intended for investment professional use only and not intended for retail investors.   Neither MFS nor any of its subsidiaries is affiliated with Robert Eccles. The views expressed are those of the speaker and are subject to change at any time. These views are for informational purposes only and should not be relied upon as a recommendation to purchase any security, or as an offer of securities or investment advice. No forecast can be guaranteed. Past performance is no guarantee of future results.   Please keep in mind that a sustainable investing approach does not guarantee positive results and all investments, including those that integrate ESG considerations into the investment process, carry a certain amount of risk including the possible loss of the principal amount invested.   Distributed by:  U.S. – MFS Institutional Advisors, Inc., MFS Investment Management and MFS Fund Distributors, Inc.; Latin America – MFS International Ltd.; Canada – MFS Investment Management Canada Limited. No securities commission or similar regulatory authority in Canada has reviewed this communication; Note to UK and Switzerland readers: Issued in the UK and Switzerland by MFS International Limited, a private limited company registered in England and Wales with the company number 03062718, and authorised and regulated in the conduct of investment business by the UK Financial Conduct Authority. MIL UK, an indirect subsidiary of MFS®, has its registered office at One Carter Lane, London, EC4V 5ER.  Note to Europe readers: Issued in Europe by MFS Investment Management S.à r.l. – authorized under Luxembourg law as a management company for Funds domiciled in Luxembourg and which both provide products and investment services to institutional investors and is registered office is at S.a r.l. 4 Rue Albert Borschette, Luxembourg L-1246. Tel: 352 2826 12800.  This material shall not be circulated or distributed to any person other than to professional investors and should not be relied upon or distributed to persons where such reliance or distribution would be contrary to local regulation; Singapore – MFS International Singapore Pte. Ltd.; Australia/New Zealand - MFS International Australia Pty Ltd holds an Australian financial services licence number 485343. MFS Australia is regulated by the Australian Securities and Investments Commission.; Hong Kong - MFS International Limited, a private limited company licensed and regulated by the Hong Kong Securities and Futures Commission. MIL HK is approved to engage in dealing in securities and asset management regulated activities and may provide certain investment services to "professional investors" as defined in the Securities and Futures Ordinance.; For Professional Investors in China – MFS Financial Management Consulting Co., Ltd. 2801-12, 28th Floor, 100 Century Avenue, Shanghai World Financial Center, Shanghai Pilot Free Trade Zone, 200120, China, a Chinese limited liability company registered to provide financial management consulting services.; Japan - MFS Investment Management K.K., is registered as a Financial Instruments Business Operator, Kanto Local Finance Bureau No.312, a member of the Investment Trust Association, Japan and the Japan Investment Advisers Association. As fees to be borne by investors vary depending upon circumstances such as products, services, investment period and market conditions, the total amount nor the calculation methods cannot be disclosed in advance. All investments involve risks, including market fluctuation and investors may lose the principal amount invested. Investors should obtain and read the prospectus and/or document set forth in Article 37-3 of Financial Instruments and Exchange Act carefully before making the investments.   Unless otherwise indicated, logos, product and services names are trademarks of MFS and its affiliates and may be registered in certain countries.

Today's show features not just one, but two guests, who will provide super actionable insights to FINALLY demystify the IMPACT of Climate Tech Funds.-We will break down the most important concepts around impact measurements, such as SFDR, ESG, LCA, and other key acronyms ruling European Climate Tech. -We will ask two of Europe's best impact experts how they put it all into practice when making investments and growing their startup portfolio. -And we will answer some chicky questions to figure out what is truly necessary and what is a bit overkill in this whole impact assessment world.--------------ABOUT CLIMATE INSIDERS:Learn all the insights from Europe's top Climate Tech Founders and Investors. Listen to the stories behind the startup successes, understand the drivers of investment decisions, and become a true Climate Insider.Check us out at: https://www.climateinsiders.co--------------ABOUT THE GUEST:Our two guests are Isabelle Canu, Partner at the Green European Tech Fund, and Stefan Maard, General Partner at Climentum Capital.--------------SHOW NOTES:0:09 – Intro01:40 – Guests background02:43 - Was the push in regulations in recent years the Turning Point for the Climate Tech industry and the main contributor to the booming number of dedicated funds? 06:50 - Is Article 9 the 'holy grail' of Climate impact funds? 08:50 - What is the definition of ESG and how does it overlap with Article 6, 8, 9 funds?12:00 – How to measure impact at both the individual company and portfolio level?13:49 – When to run the impact assessment? Is it during the due diligence process, after due diligence, or at the end of the fund? 15:00 – Example of how to conduct pre-due diligence or during due diligence assessment.17:00 – Conducting an LCA at the fund level: strategies, considerations, and recommendations!18:45 - Are LCAs very expensive, and will this make VC money even more expensive? Can VCs still be cost-competitive vs generalist funds? 20:10 – When does it make sense to be an Article 9 fund? 23:00 – Intentions vs Reality Check: are Pre-Seed and Seed Stage the funds right fit for Article 9 or should it be reserved for Growth and Private Equity funds?26:30 – Attribution vs Additionally: unraveling the tricky debate! Which one is the biggest problem?30:30 – Mastering impact assessment in practice: A Guide to Effective Evaluation! 35:08– How to run impact assessment for a project development case (ex: offshore floating wind farm)?37:40 –Are there any external service providers, professionals, or software that they recommend to run impact investing? 41:38 – Mastering LP documentation: best practices and reporting timelines for fund managers!44:18 - What is the role of a Climate Tech VC? Is it to provide impact counseling to founders?47:05 – Striking the balance: prioritising impactful direction over purely commercial Goals!50:04 – Preventing bad press and safeguarding your reputation54:09– Unleashing the power of incentives: how to build a successful and effective framework?57:39 – Racing against the odds: how to supercharge industry growth despite capital constraints? 1:02:11 - Outro--------------ABOUT THE HOST:Yoann Berno https://www.linkedin.com/in/yberno/ After a career spent building and investing in top tech startups, Yoann is now a founding member and General Partner at Climentum Capital focused on investing in game-changing technological solutions to our worsening climate crisis.--------------Don't forget to SUBSCRIBE to our NEWSLETTER to stay tuned about the next episodes: https://www.climateinsiders.coTWITTER: https://twitter.com/yoannberno LINKEDIN: https://www.linkedin.com/showcase/climate-insidersIsabelle Canu (GP at Green...

The 9fin team explores the influence of Benteler's debut bond deal with Josh Latham. Josie Shillito guides us through the growing trend of private take-privates and Jennifer Munnings discusses the recent clarifications from the European Commission on the Sustainable Finance Disclosure Regulation (SFDR).

Today we are happy to welcome Enrique Alvarado Hablitzel and Christin ter Braak-Forstinger, Co-Founders of Chi Impact Capital, the conscious impact investor that is creating strong financial returns by investing in core-regenerative business models that advance the most burning Sustainable Development Goals in Europe. Through the Burning Issues Impact Fund, Chi is scaling early growth stage companies using breakthrough technologies to transform the sectors they operate in.In this episode you'll learn:- An honest discussion of SFDR and the reason why it's at risk of being more red tape than real change- Reflections on the future of vertical farming and the business models and technology being applied in the space- TTying fund carry to positive impact and the design of governance bodies

The final episode of our series on market integrity in sustainable finance, focuses on the asset management and the fund industry. Nicholas Pfaff, Deputy CEO and Head of Sustainable Finance at ICMA sat down with Hortense Bioy, Global Director of Sustainability Research, Manager Research, Morningstar, Mark Manning, Strategic Policy Advisor Sustainable Finance, FCA, Patrik Karlsson, Senior Policy Offices, ESMA and Stéphane Janin, Head of Global Regulatory Developments and Public Affairs, AXA Investment Managers, to talk about greenwashing in the industry, the impact of regulation such as SFDR and what's next on the regulators' agenda.

The 9fin content and analytics team wrap up the week's activity and co-head of European loans research Jainisha Amin discusses structural adjustments. ESG analyst Sammy Cole does a second part on new developments in SFDR and editor Chris Haffenden and distressed debt reporter Bianca Boorer talk Orpea's new restructuring plan.

The 9fin content and analytics team wrap up the week's activity and senior legal analyst Alice Holian discusses dangerous covenant pitfalls with regard to Envision. ESG analyst Sammy Cole talks about new developments in SFDR and credit analyst Josh Latham and loans reporter Laura Thompson discuss European high-yield's upcoming maturity wall.

As the EU puts new regulations on sustainability funds, how will categorization of these funds be impacted, and how might that change investment strategies? Head of Global Thematic and Public Policy Research Michael Zezas and Head of Fixed Income and ESG Research Carolyn Campbell discuss.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Head of Global Thematic and Public Policy Research. Carolyn Campbell: And I'm Carolyn Campbell, I lead our Fixed Income and ESG Research Team. Michael Zezas: And on this special episode of Thoughts on the Market, we'll focus on sustainability funds and their investment strategies within an evolving regulatory context. It's Wednesday, October 19th, at 10 a.m. in New York. Michael Zezas: There are just over 1400 dedicated fixed income sustainability funds with assets under management, around $475 billion off from a peak of $545 billion at the end of 2021. This is a sizable market, but as EU regulators weigh in on what these funds can and can't own, it begs the question what kinds of bonds might they start buying? So Carolyn, let's maybe start with the essentials behind the EU Sustainable Finance Disclosure Regulation, SFDR, and what it requires of financial market participants. Specifically, what are Article 8 and Article 9 products? Carolyn Campbell: So under the SFDR, fund managers are required to classify their funds in one of three ways. The first, Article 8, or what's known as a light green fund, is a sustainability fund that promotes environmental or social characteristics. The dark green funds, which are Article 9 funds, invest in sustainable investments and have an environmental or a social factor as an objective. They also, importantly, cannot do significant harm to other environmental or social objectives. And then lastly, we have the non sustainability funds which are Article 6. Michael Zezas: And despite the regulator's goal to increase transparency and accountability, there's still a high degree of uncertainty in the regulatory landscape around what can and should be included in sustainability funds. What does this uncertainty mean for the types of products that are currently being included in these funds, and how might that change in the future? Carolyn Campbell: So by and large, the regulatory uncertainty has meant that funds are more likely to take a conservative approach when constructing their holdings for fear of regulatory repercussions or just reputational risk. In particular, where investors need to have a "sustainable investment" that does not do significant harm to other environmental objectives, which is what we have in Article 9, we expect to see them gravitate increasingly towards high quality green bonds. And as a reminder, green bonds are different from regular bonds because the net proceeds of those bonds goes towards green projects. Think of it as retrofitting buildings to be more environmentally friendly, investing in climate change adaptation solutions, or building out clean transportation infrastructure. Green bonds fit pretty neatly into these Article 9 funds because they're demonstrably sustainable investments. And since you know where the proceeds are going, it's less likely that they're violating that last part, the ‘do no significant harm'. So some of the Article 9 funds are full green bond funds. But the ones that are not actually only hold around an average of 10% of their fund in green bonds or other types of ESG label bonds like social or sustainability bonds. And we see similar figures in the Article 8 funds as well. So we expect that green bonds of higher quality, meaning that they're aligned with the more rigorous EU green bond standard that report on impact have limited amounts of proceeds going towards refinancing, have limited look back periods etc.. Those stand to benefit from an increased appetite from these sustainability funds for the best types of green bonds. Michael Zezas: Carolyn, you've noted that most ESG funds currently favor low emission sectors, particularly financials. What about sectors that were previously maligned by ESG funds, the so-called high emitting or hard to abate sectors? What is the rate of change approach that might benefit these sectors? Carolyn Campbell: So the SFDR is structured in a way to favor the low emitting sectors because they have to report on the principal adverse impacts and because they can't do significant harm. But what we're increasingly hearing is an appetite to invest directly in the transition. So allocating funds to the higher emitting companies, but those that have viable decarbonization plans and for which an improvement on different ESG metrics may drive better financial performance. When we look to the fund holdings of the fixed income sustainability funds, we see that they're currently underweight these sectors despite some real opportunity from the transition. As ESG has evolved this year, so too should the types of strategies that we see adopted across the funds. And companies that are leading the way in their sectors stand to benefit from increased demand from sustainability funds that adopt these approaches, particularly in those sectors that are hard to abate or traditionally high emitting. Michael Zezas: Finally flows into fixed income sustainability funds increased throughout 2021, topping out at $17 billion in February. But inflows have been on a downward trajectory throughout the first half of 2022. What are the key drivers behind this decrease and what's your outlook for the secular growth story for ESG, both near-term and longer term? Carolyn Campbell: So there are a couple of things driving those declining inflows. First and foremost, the macro backdrop has significantly changed this year versus last year. We've seen regular large rate hikes from central banks around the world to combat high inflation, increased market volatility. It's a tougher environment all around this year in general, and it's not just sustainability funds that are seeing slowing inflows and even outflows. In fact, sustainability fund flows have held up remarkably well given all of this. Then you add in the fact that ESG is facing a bit of a reckoning. There's more vocal pushback in the press, from politicians and from those in the industry themselves on what ESG is and what are its merits. But we don't think this will hurt the growth of ESG in the long term. Rather, we think that sustainability strategies are undergoing an evolution towards more nuance and rigor, away from more simplistic approaches that we've seen adopted in the past. Climate change and sustainability more broadly will be a defining trend for at least the next decade, and this transition requires significant capital. That provides an interesting and unique opportunity for investors, and we've seen sustained demand from both institutional and retail clients for these different types of ESG strategies. Michael Zezas: So Carolyn, thanks for taking the time to talk. Carolyn Campbell: Great speaking with you, Michael. Michael Zezas: As a reminder, if you enjoy Thoughts on the Market, please take a moment to rate and review us on the Apple Podcasts app. It helps more people find the show.