Four pension funds including AustralianSuper launch green investing tool

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Pension fund managers from three continents have launched an online green-investing tool that measures companies against United Nations sustainable development goals.

The SDI Asset Owner Platform will allow investors to assess 8,000 companies using the UN criteria, according to a statement on Monday. The four pension funds — APG Asset Management NV and PGGM NV from the Netherlands, British Columbia Investment Management Corporation from Canada and AustralianSuper, are responsible for the platform’s methodology. Together they manage more than $1 trillion of assets.

“Standardization of data is one of the biggest challenges facing the environmental, social and governance landscape,” said Jennifer Coulson, BCI’s vice president for ESG. The platform will provide “consistency and comparability to company-level data.”

ESG investing is gaining popularity as more investors seek to make a positive impact in addition to financial gains. The threats that climate change could pose to a company’s supply chain, or the fallout from legal scandals, can hit future performance.

The platform will be available to investors by subscription through distribution partner Qontigo, according to the statement. Subscription income is needed to cover the costs of running the platform, but will be “by no means profit-maximizing”, said Claudia Kruse, APG’s managing director for global responsible investment and governance. “We really hope that this will be adopted as a global standard.”

The UN set out its sustainable development goals in 2015 to address urgent global issues such as water scarcity, healthcare access, and protecting the environment, according to the statement.

Bloomberg

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.