Ethos welcomes the publication of Boston Common Asset Management's fifth study on climate risk management by the world's major banks. This new study shows that the measures taken by the banks remain largely insufficient. Ethos has participated in this international initiative and is engaging in dialogue on this issue with Swiss banks, urging them to strengthen their commitments to finance the low carbon transition.
Mandatory human rights due diligence in Switzerland: Ethos and institutional investors join forces to support ambitious legislation
Ethos Foundation and 26 institutional investors with CHF 808 billion in assets under management, have sent an investor statement to the members of the Swiss upper house to ask them to support legislation for mandatory human rights due diligence. The legislation has been approved by the lower house on 13 June and will be discussed again next Thursday in Bern. The initiative committee has already indicated that it agrees to withdraw the original initiative if the proposed legislation is approved.
Ethos and Vontobel Asset Management win the "Swiss Equity Prize" at the GFSI Swiss Sustainable Funds Awards
Ethos and Vontobel Asset Management received the "Swiss Equity Award" for the Vontobel Fund (CH) - Ethos Equities Swiss Mid & Small Cap fund, at the GFSI Swiss Sustainable Funds Awards ceremony held on Wednesday 12th June in Geneva. This award recognises the best Swiss equity fund in relation to both financial performance and commitment to socially responsible investment (SRI).
While the members of the Swiss lower house were approving the counter-proposal to the responsible business initiative, Ethos Foundation organised a conference and debate on Thursday 13th June 2019 in Bern on the topic of "multinational companies and respect for human rights: ethical, economic and political issues". Almost 120 people attended the event.
Mandatory human rights due diligence in Switzerland: institutional investors join forces to support legislation
Ethos Foundation and 22 institutional investors with CHF 395 billion in assets under management, are asking the members of the Swiss lower house to support legislation for mandatory human rights due diligence which will be discussed in parliament on Thursday 13 June.
At the beginning of each year, Larry Fink, the chairman and CEO of the world’s biggest asset manager sends a well-publicized letter to the CEOs of its investee companies stressing the importance of ESG factors such as climate change for investors. However, according to research by the 50/50 Climate Project BlackRock supported only 23.1 per cent of climate-related shareholder proposals at S&P 500 oil, gas and utility companies in the 2018 season of shareholder general meetings.
The evaluation of Ethos’s activity report covering the year 2017 to the Principles for Responsible Investment (PRI) is now available. As every year, the result of the assessment in which 1462 organizations participated places Ethos among the world leaders in sustainable finance with scores well above the median in all 6 dimensions analyzed, in 3 of which Ethos even received the best possible evaluation (A+).