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Study finds greenness equals performance

There is a positive correlation between the investment performance of REITs and the “greenness” of their portfolio holdings, according to a new paper by Maastricht University’s Piet Eichholtz, Nils Kok and Erkan Yonder. The paper – Portfolio greenness and the financial performance of REITs – finds that investment performance of REITs is positively related to […]
Amanda WhiteSeptember 19, 2012
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Benchmarking ESG changes behaviour

The power of benchmarking funds on sustainability is demonstrated by the fact 171 property companies and funds surveyed in the 2012 GRESB benchmarking report reduced GHG emissions by 6 per cent – this is a reduction of 432,000 metric tons of CO2, the equivalent of removing 85,000 cars from the road. The Global Real Estate […]
Amanda WhiteSeptember 19, 2012
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Modern portfolio theory, risk and fiduciary duty

It was only a few decades ago that trustees in many jurisdictions were restricted from investing in certain assets. Fiduciary duty has evolved as the thinking about investments has changed. This is true, then, of how trustees should be applying fiduciary duty to current day investment challenges, including systemic risk and climate change risk. Ed […]
Amanda WhiteAugust 8, 2012
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Exchanges support
better disclosure

A line in the sand has been drawn on the short-term behaviour of all participants in capital markets – including companies, brokers, funds managers and investors – with the formal commitment of five stock exchanges to promote long-term, sustainable investment and improved environmental, social, and governance disclosure and performance among listed companies. With a combined […]
Amanda WhiteJuly 13, 2012
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Project Telos: a map to sustainable investing

The complexity of sustainable investing could be a step too far for many asset owners with current governance not up to the complexity of embedding environmental, social and governance (ESG) factors into decision-making, according to head of Towers Watson Roger Urwin. The comments come as the global asset consultant is set to release the results […]
SAM RILEYJune 13, 2012
Investor Profile

Behind CalPERS’
sustainability report

In its most simple form, CalPERS defines sustainability as the “ability to continue”. This year CalPERS turns 80 and clearly “continuing” is something it wants to do. The strategy paper, presented to and endorsed by the board, explains the fiduciary framework the fund has adopted to integrate sustainability across the entire fund and sets out […]
Amanda WhiteMay 16, 2012
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