The Swiss Funds & Asset Management Association (SFAMA) is clearly committed to a sustainable economy. For the Swiss asset management industry, detailed recommendations for the effective implementation of the corresponding concepts have therefore been drawn up in collaboration with Swiss Sustainable Finance (SSF).
The recommendations and related key messages are intended to actively support asset managers in integrating sustainability criteria into the investment process.
If you want to discover more about the importance of the sustainability criteria in the Swiss economy, how SFAMA and SSF promote the integration of ESG criteria, and to read the latest economic news in the world, download for free the Born2Invest mobile app.
SFAMA and SSF want to jointly promote a sustainable economy in Switzerland
As shown in SSF’s “Report on Sustainable Investment in Switzerland 2020”, around one-third of locally managed assets totaling $1.22 billion (CHF 1.16 billion) have already been invested sustainably. SFAMA and SSF are convinced that this trend will continue and, in this context, have drawn up detailed recommendations for members of the professional association of Swiss Asset Managers for the implementation of a sustainable investment policy throughout the investment process. The aim of this joint initiative is to promote a sustainable financial economy in Switzerland and to actively support and guide stakeholders, in particular asset managers.
“In a globalized economy, the success of entrepreneurial strategies is increasingly dependent on ESG factors. Integrating them into financial analyses and risk management activities can help to increase profitability and minimize risks,” said Sabine Döbeli, Head of SSF.
“Asset Managers are aware of the importance of ESG factors, as is the industry’s responsibility to address global challenges. Sustainability must be part of the DNA of Asset Managers,” said Markus Fuchs, Director of SFAMA.
Transparency as a success factor
The inclusion of ESG criteria in the investment strategy – almost at the heart of the investment philosophy – helps to generate higher risk-adjusted returns over the long term. Asset Managers are, therefore, encouraged to carry out a social, economic and environmental impact assessment of their investment activities and to anchor their values in a policy of sustainability.
Transparency is the key to the successful implementation of sustainability criteria. Standardized and measurable reporting is essential in this respect. Transparency also requires the availability of reliable data of good quality – companies and research providers are also called upon in this area.
A valuable orientation aid
The recommendations of SSF and SFAMA are mainly aimed at informing asset managers and are particularly relevant for organizations at an early stage of ESG integration. The recommendations are primarily technical in nature and are intended to provide practical guidance for asset managers.
They focus on the implementation of a sustainable investment process and deal with governance, investment policy and strategy, risk management, transparency and reporting. For example, the role of the board of directors and management is discussed, but various approaches to sustainability and transparent reporting are also described.
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First published in allnews, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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