Dubai PR Network, Online Press Release from Dubai and Middle East
Business, Banking and Investments(Banking & Investments)
Filter PR by
Invesco Charges Forward on the Climate Change Agenda
• Invesco as a supporter of the Task Force on Climate-related Financial Disclosures (TCFD) launches its inaugural Climate Change Report
• Invesco introduces its climate scenario analysis to address climate change at the investment level
• Report highlights the impact of Invesco’s approach to climate change on its operations and investment
• Invesco aims to integrate ESG, particularly climate change, in all investment products and solutions by 2023
Dubai, United Arab Emirates, July 27, 2020:   Managing more than US$1 trillion of diverse assets for its clients around the globe, Invesco is analysing the impact of climate change on its holdings and operations. Invesco published today its Climate Change Report*, the first comprehensive assessment of the global asset manager’s ESG strategies in line with the TCFD (Task Force on Climate-related Financial Disclosures) framework. Reporting of this type is expected to become the benchmark with the likelihood that TCFD’s framework will become a globally adopted standard in the coming months. 
The report also sets out Invesco’s assessment of a significant part of its listed equities and corporate fixed income holdings concerning emissions intensity, temperature alignment and climate scenario analysis. The focus on the most relevant portfolios by regional composition and size puts Invesco among the first leading investment managers to conduct scenario analysis of this type.
In the forward to the report, Martin L. Flanagan, President and CEO, Invesco, said:
“This inaugural report describes our approach to assessing and managing climate risks across our investment process and business operations. We see our TCFD reporting as a journey, one that starts with this first Invesco Climate Change Report, defining March 2019 - March 2020 as our base year and setting our ambitions for the future.”
Introducing the inaugural report Cathrine De Coninck-Lopez, Invesco’s Global Head of ESG, said:
“Tackling the climate emergency is arguably everyone’s responsibility.  As an investment manager the development of a corporate understanding of the effects of climate change on business, strategy, and financial performance is highly challenging. However, we are committed to meeting that challenge as a business and for our customers. Investors are part of the solution to climate change through supporting and influencing companies that are adapting, transitioning, and allocating capital towards future- proofing our planet. 
As a business we are passionate and driven in our commitment to deliver lasting change. This is important to our clients and this report sets out how we are tackling those challenges.”
The report highlights Invesco’s approach to governance and strategy, ensuring that ESG principles are being integrated across the business, engagement with clients, approach to advocacy and investment solutions.  Invesco has undertaken an assessment of climate change at the operational level, including metrics covering operational, investment and regulatory risk, and concluding with specific targets going forward.
Also revealed in the report are the results of a quantitative climate scenario analysis of the interaction between climate change and Invesco’s holdings of equity and bond investments under multiple emissions/temperature rise scenarios.  
Climate leadership requires collective action
As part of a commitment to leading the standard, Invesco has aligned itself to several global organisations dedicated to driving the climate change agenda. 
Invesco is one of a handful of global investment managers working within the One Planet Asset Management Initiative with the goal to advance the understanding of the implications of climate-related risks and opportunities within long-term investment portfolios. This is done through the sharing of responsible investment practices with the Sovereign Wealth Fund members of the One Planet Sovereign Initiative and the publication of relevant research.
Invesco is also a partner of the Climate Bond Initiative, which helps grow a market of green and climate bonds through outreach and education projects centred on growing robust and sustainable green bond markets that contribute to climate action and low carbon investment. 
Invesco is a signatory to Climate Action 100+ , which is a global investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.   The firm has also joined the IIGCC (Institutional Investor Group for Climate Change), and the CCRI (Coalition for Climate Resilient Infrastructures), and has been part of a select group of asset managers and industry players that has helped create the guidance published by the Climate Financial Risk Forum chaired by the Financial Conduct and Prudential Regulatory Authority in the UK.  
Why climate scenarios are important
Understanding the implications of future climate risk alongside the current emissions intensity and temperature alignment of investments is a critical part of this report. The scenario analysis pilot project informs Invesco’s thinking as it seeks to develop a more comprehensive climate strategy going forward. This work will help Invesco’s investment and risk teams to build forward-looking climate analytical tools, which it is hoped will be the pathway to be able to integrate ESG, particularly climate concerns, in all investment products and solutions by 2023.
Maria Lombardo, Invesco’s Head of ESG Climate Strategies EMEA, said:
“Our scenario analysis exercise offered evidence and clear directions to address climate change risks and opportunities for our clients and their investments.”
Commenting on what this means for investors in the Middle East, Zainab Kufaishi, Head of Middle East and Africa at Invesco, said:  
“At Invesco we believe the issues of climate change should be top of the agenda for us as a society and for our clients. The responsible investing evolution has gained momentum in the Middle East, and the actions and decisions of influential investors in this region are increasingly shaping the future of companies. ESG integration is now widely seen as part of our fiduciary duty. Though the region is still in its initial phase when it comes to adopting such strategies into portfolios, investors understand that portfolio performance can benefit if investment decisions consider financial risk factors associated with ESG topics. Our recent IGSAMS study of sovereign asset managers revealed that climate change and the rise of natural disasters is significant concern for investors in this region, causing them to adopt investment strategies that implement climate-related risk into the wider investment process. Multiple sovereign entities across the region have already begun to prioritize these issues through organisational-level commitments and government-sponsored initiatives.”

Posted by : Dubai PR Network Editorial Team
Viewed 2166 times
PR Category : Banking & Investments
Posted on : Monday, July 27, 2020  2:08:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Bionic Companies Pave The Way Forward For Stronger Business ...
Next Story : Arab-Brazilian Chamber of Commerce's first-of-its-kind surve...
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [5961-Views]
HONOR 2020 H1 Business Achievements in International Markets [3817-Views]
Here's Why A Silicone Cleansing Brush Champions Other Cleansing Tools and Techniques [3382-Views]
Panasonic Jaguar Racing Head to Berlin for a Lockdown Showdown [3177-Views]
Samsung Launches Galaxy Watch3 and Galaxy Buds Live [3095-Views]
Save up to AED 25,000 on Pre-Owned Lexus Cars with Al-Futtaim Auto Fest [3067-Views]
Get Your No-MakeUp MakeUp Look With Hourglass [3046-Views]
Safe Start-up of Unit 1 of Barakah Nuclear Energy Plant Successfully Achieved [2948-Views]
Parmigiani Fleurier Tonda 1950 Tourbillon [2632-Views]
Schneider Electric Shows They Are Acting to Build a Green and Inclusive Future for All Thr... [2599-Views]
Sony Middle East & Africa Announces ‘Ready for PlayStation®5' for current BRAVIA™ TVs [2517-Views]
UAE Team Emirates Back to Winning Ways [2308-Views]
Lacoste Launches the Roland - Garros Eyewear Collection [2304-Views]
Introducing the New Omega Constellation Gents' Collection' [2288-Views]
Pre-Orders for Samsung's Galaxy Note20 and Galaxy Note20 Ultra Now Open in the UAE [2148-Views]
Jafza Sets a New Benchmark With ‘collaboration for Safe and Sustainable Growth' Webinar' [2128-Views]
Up to €500,000 to Support the Most Promising Innovators: The Agrofood BIC Accelerator Issu... [1968-Views]
The Last Few Weeks of Dubai Shopping Mall Group's Summer Promotion [1960-Views]
Dubai Sports Council and Ski Dubai to Host One of the World's First Snow Sports Competitio... [1952-Views]
Kia Motors Collects Over 2,000 Pairs of Football Boots via UEFA Europa League Trophy Tour ... [1919-Views]
Cebu Pacific Advisory: Suspension of Domestic Passenger Flights to/from Manila – Aug 4 to ... [1919-Views]
The Best Just Got Better – Sony Middle East & Africa Announces WH-1000XM4 Industry-Leading... [1792-Views]
New Month, New Goals [1788-Views]
No Premium Without Responsibility: BMW Group Makes Sustainability and Efficient Resource M... [1771-Views]
Post-COVID Travel is Set to Become Smarter. Here's How. [1771-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories