www.mistra.org
PUBLISHED 2007-05-04

Asset managers given the thumbs up

Mistra has for the second time carried out an evaluation of its success in achieving what is known as sustainable asset management.

The review was undertaken in collaboration with onValue, an external international consultancy firm that specializes in evaluations and strategies in the field of investment management.
      
The focus of the evaluation was on the ability of Mistra´s asset managers to make use of and apply sustainability criteria, and on how they are using governance and social responsibility issues to increase financial value.
      
The overall impression emerging from the study is that the Foundation´s asset managers have developed a greater understanding of the financial importance of applying sustainability criteria in their investment decisions. One firm, Generation Investment Management, stands out for the way ESG (ecological, social and governance) criteria are fully integrated into its strategy to enhance financial value.
      
‘This review is a crucial part of the dialogue we have with our asset managers on sustainable investment management. We´ve looked at what they are doing, for instance, to develop methods and build teams,´ says Eva Thörnelöf, Administrative Director at Mistra. ‘This is an important aspect of Mistra´s efforts in support of sustainable development. Our asset managers welcome the evaluation - it gives them feedback on their work and generates a shared commitment to improving the management of our capital.´