Andreas Posavac

"Making sense of (ESG) regulation - countering the confusion": I explored this topic with panellists Michele Giddens (Bridges Fund Management Ltd.), Frank Dornseifer (Bundesverband Alternative Investments e.V.), Paul Newsome (Unigestion), and Maarten Biermans (PROW Capital) this afternoon at the SuperReturn ESG Summit in Berlin.   A few major takeaways I wanted to share include:  - Regulators facing a steep learning curve - SFDR review is a case in point, importance of an iterative process to improve approach - Questions about the categorisations (Art 8/9 funds), and how this could be improved, for example to better accommodate transition assets  - Key differences between EU SFDR (disclosure centric) and UK SDR (more labelling centric) - From a regulator's perspective: is there a benefit in being smart follower (learning from others' "mistakes")?  - Importance of more consistency of global regulations to reduce complexity and cost (a point we at the SBAI often make in our consultation responses to authorities, see further below) - Overall importance of standardisation of data/reporting to reduce cost (of producing the data for GPs, and using/aggregating it for LPs)    Special thanks to the panellists for sharing their insights and for SuperReturn International for putting on a fantastic event! My first time here, ... it is huge, and great to meet many signatories and Investor Chapter members of the Standards Board for Alternative Investments (SBAI)! The SBAI frequently engages with regulators on behalf of its investor and manager community on ESG and many other topics: https://lnkd.in/e8dQpUc3 The SBAI's Responsible Investment (RI) Toolbox provides investors and managers with guidance on the practical implementation of RI:  https://lnkd.in/eD3pssd4 (register to access all resources!) Current area of focus in the SBAI's Responsible Investment Working Group: Carbon footprints in different strategies - https://lnkd.in/ebJeS3hS #SuperReturnInternational #SuperReturnBerlin #ESG #IndustryInsights #Regulation #Alternativeinvestments #Standards

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🎉 Good news for the convergence of frameworks on #Nature & #Biodiversity! 🤝 The Taskforce on Nature-related Financial Disclosures (TNFD) and EFRAG have jointly published a mapping of the correspondence between the European Sustainability Reporting Standards (#ESRS) and the #TNFD’s recommended disclosures and metrics. ✔️ The 14 disclosures recommended by the TNFD and the ESRS requirements are both designed to provide relevant and faithful information on nature-related sustainability matters. 🎯 Same objectives: #TNFD and the #ESRS recommend the need to disclose impacts, risks and opportunities related to nature as well as dependencies on nature to the extent that they generate material risks. 🔁 Double Materiality Assessment (#DMA): the ESRS require disclosures to be based on a dual materiality principle, and the TNFD allows a dual materiality approach to be used. 🧩 #LEAP approach: the ESRSs state that companies can carry out their materiality assessment on pollution, water, biodiversity and ecosystems using the LEAP approach. 👉 Press Release: https://lnkd.in/geweGzjp 👉 TNFD - ESRS Correspondance mapping document: https://lnkd.in/gRKRMfnN #biodiversity #csrd #esrs #nature

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📌 ESRS Perspectives: materiality assessment ❕ EFRAG has just finalised its guidance on materiality assessment. We've compiled our analysis and views on this topic, highlighting the remaining challenges! 👉 You can now read this summary on our website: https://lnkd.in/eFGTg98k. #EuropeanSustainabilityReportingStandards #MaterialityAssessment #ESRSPerspectives #EFRAG #Sustainability #CorporateReporting Jona Basha, FCCA

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How to report on impact is much-debated. In this episode of the ‘Inside Impact Investing’ podcast Triodos Investment Management’s Rebecca Spohrer and Rosl Veltmeijer discuss the general challenges and pitfalls of impact performance reporting, and how Impact Frontiers has created a set of impact reporting norms. #ImpactInvestment #ImpactReporting #PensionsforPurpose https://ow.ly/w6FL50RBaAA

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🔔 𝗡𝗲𝘄𝘀𝗳𝗹𝗮𝘀𝗵 | On 22 March 2024, the CSSF published an updated version of its supervisory priorities in sustainable finance, initially issued in April 2023. 💡 Discover the key takeaways right now and feel free to reach out to our funds and regulatory experts: Aurélia Viémont, Aurélien Hollard, Mélanie Poirrier, Julie Pelcé or Clémence Richard if you wish to discuss any aspect in further detail ➡️ https://lnkd.in/eGh5sMq8 #CMSLuxembourg #CMSLaw #Luxembourg #investmentfunds #regulatory #sustainability #sustainableeconomy #sustainablefinance

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The Society is mindful of the climate change risks impacting its Investment Portfolio. So it works closely with its Investment Adviser, LGT Wealth Management (LGT) to assess the ongoing impact. You can read more here: https://lnkd.in/euMeeq8U

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Donato Calace and Kristina Wyatt from Datamaran and Persefoni respectively are a powerful duo - aren’t they Mike Wallace ? Add Andrew Gilmour of LACONIC to the mix and you have a magical lens with which to understand the future of complex markets. These nascent markets are unfolding at speed now to drive the meaningful monetisation at scale of natural capital included embedded credible carbon. Credible being a critical word. The duo becomes a trio. The Blended Capital Group (TBCG), working now for nearly 12 years to explore how to conceive, roll out, and amplify, market-driven solutions to complex sustainability challenges, has the privilege to know all three companies defining these new exciting markets. Markets where understanding Complex Converging Systemic Risks (CCSR © as TBCG has called it for nearly a decade) create the opportunities of the 21st Century investment future. These new markets are accelerating as we transition from 250 years of extractive capitalism to regenerative capitalism. The trios piercing, precise and powerful individual analytical views of unfolding sustainability and global carbon markets does not come any better. This is why my brilliant young team ( 2000-2012) at the United Nations Environment Programme Finance Initiative (UNEP FI) created #ESG in May 2004. ESG, purely anchored in materiality and fiduciary duty and not ideology or ethics, has unleashed the now collective focus of U$ 120 trillion in assets through 5300 institutional investors backing the United Nations Principles for Responsible Investment. Despite the naysayers protecting the status quo of old market views we can never go back.

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❗Is that investment fund sustainable? Let's check with the SDR Dr. Matthias Breier, Head of ESG Product at FE fundinfo, discusses this and more on Investment Week. ➡️ Read full article here: https://hubs.ly/Q02tV1Lh0 For more expert FE fundinfo insights: https://hubs.ly/Q02tV1qJ0 #ESG #SustainableFinance #AssetManagement #Funds #FEfundinfo

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In our latest WirtschaftsWoche series, our member Theodor Kirschner, CFA sheds light on how development banks are increasingly investing in sustainable assets, offering both higher transparency and returns compared to local government bonds. #WiWo #finance #developmentbank #sustainability

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Our rating coverage of European sub-sovereigns continues to rapidly grow with new solicited rating mandates assigned to the States of North Rhine-Westphalia (AAA/Stable), Hesse (AAA/Stable) and Saxony-Anhalt (AAA/Stable). Move is supported by Scope’s acceptance by the ECB for the Eurosystem Credit Assessment Framework (ECAF). #NRW #Hesse #SaxonyAnhalt #Germany #States #scopegroup

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🌿 New research programme from the ISSB will investigate nature risks 📜 The International Sustainability Standards Board (ISSB) has begun projects to research disclosure about risks and opportunities associated with: 🟢 Biodiversity, ecosystems and ecosystem services 🟢 Human capital 📊 This initiative will build on the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations, and aims to improve accountability and transparency in biodiversity reporting. 🌐 The ISSB announcement follows a recent update to the Global Reporting Initiative (GRI) biodiversity standard, which establishes a new international benchmark in accountability for biodiversity impacts. 🗺️ Together with the TNFD, the GRI plans to publish an 'interoperability mapping document' outlining alignment between TNFD recommendations & metrics and GRI Standards. 🔗 Additionally, they will publish joint case studies and guidelines showing the links between nature-related dependencies, impacts, risks, and opportunities, facilitating the use of TNFD's LEAP assessment. ❗ This collaborative effort reflects a growing recognition within the business community that nature must be assessed and managed as both a risk and an opportunity. 🌍 For example, in January, the TNFD announced that 320 organisations from 46 countries have committed to reporting in line with their recommendations, marking a crucial milestone in biodiversity disclosure. 💡 What do you think the future of biodiversity reporting will look like? Click here to read more about ISSB's initiative ➡️ https://lnkd.in/eWVhjXTq  #NatureDisclosure #NatureReporting #NatureData #NatureRisk

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Bringing more transparency of climate considerations is a crucial element towards financing a transition. Happy to contribute to the upcoming webinar! #DontChooseExtinction #SustainableFinance #ClimateFinance

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#Climate change influences macrofinancial scenarios and analysis. In our 2024 #CapitalMarketAssumptions (#CMA) edition, we explore its impact on key macroeconomic variables and regions. We also examine how #artificialintelligence affects productivity. Read on to learn more

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Super interesting keynote from KPMG Switzerland at the ESG Technology Summit about maturity of reporting. The time of „green washing“ for marketing purposes is over. Regulations, such as #CSRD, are coming into force and we are entering the era of data and & transformation. It is now the time to actually gather insightful physical climate risk data to plan and execute on strategic planning. #PhysicalClimateRisks #CLIMADATechnologies #ESGTechnologySummit

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Coming to a foreign country and facing new, unfamiliar rules and regulations can feel overwhelming. But it doesn’t have to! Join MLP Financial Advisors' workshop on financial planning and learn from the experts! https://lnkd.in/eKsuEaRU

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🚀 Yesterday, the Swiss Federal Council opened the #consultation on the revision of the Financial Market Infrastructure Act (FinfraG). From a financial market infrastructure perspective, it's crucial that #FinfraG remains well-balanced, as it has largely proven its worth since its introduction. 🔑 Key considerations for #SIX include ensuring that #SelfRegulation in the stock exchange area remains robust. This guarantees the necessary practical relevance and is a pivotal success factor for the Swiss capital market. 🌐 Additionally, compatibility with international standards and necessary #equivalence requirements must continue to be guaranteed without introducing a #SwissFinish. Ensuring these elements are preserved is essential for the continued success and stability of our financial markets. https://lnkd.in/e8A-BuUY #Switzerland #FinfraG #CapitalMarkets Lutz Meyer Ian Cornwall, Chart.MCSI Simon Pabst Erich Herzog Isabelle Meier SwissHoldings Corinne Riguzzi

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