The ESGenius Letter on topics related to sustainability and sustainable investing. Climate change brings with it many risks for the economy and businesses. How can these be better addressed?
Although environmental and social issues dominated the shareholder resolutions in this year’s voting season, their approval by investors declined. There are many reasons for this. In any case, Erste AM is increasing its support for environmental and social motions.
The booming fashion industry is also confronted with a wide range of challenges due to climate change. These could prompt the entire industry to rethink.
This year’s September went down as the warmest in measurement history. Especially in our regions, it was a welcome extension of the summer for many. However, the warmer temperatures clearly show us the consequences of climate change. The risks this entails for the economy and companies and how we take these into account in our investment processes is the topic of our new ESGenius Letter.
Three years after the introduction of the ESGenius Score, Erste AM now offers the Climate Score, another rating to analyse the ESG performance of companies. The score combines various environmental data to determine the top performers and the laggards in each sector.
Climate risks are also an important topic for investors. A look at the climate-readiness of companies can minimise potential risk factors.
Recent studies have provided insights into the challenges to human prosperity resulting from the climate and biodiversity crises. The main conclusions are that the world is currently not on track to achieve the Sustainable Development Goals (SDGs) in time, nor the Climate Change Goals or those on biodiversity.
In the Climate Report, published for the first time this year, Erste Group reports on progress, targets and measures towards a net-zero emissions portfolio by 2050 and net-zero operations by 2030. Climate risks and their impacts are also a topic.