EIT Climate-KIC supported Climetrics announces top ten European equity funds for climate performance

Climetrics, the world’s first and only independent climate rating for investment funds, supported by EIT Climate-KIC, yesterday recognised ten equity funds as the top performers on climate change in Europe at the CDP Europe Awards in Brussels. This is the first time, globally, that funds have been awarded for environmental leadership.

The Climetrics fund awards were presented by Helen Spence-Jackson, Head of EU Affairs at EIT Climate-KIC, and Nico Fettes, Head of Climetrics at CDP. Ten equity funds were recognized as the top performers on climate change. Of the ten, asset managers BNP Paribas, Candriam and Mirova had two funds recognised, with La Financiere de l’Echiquier, La Banque Postale Asset Management, OFI Asset Management, and NN Investment Partners also represented.

© Leyla Hesna

The ranking is based on data from Climetrics. The CDP-data powered tool measures the climate performance of a fund’s stocks, its asset manager’s governance of climate issues, and its investment policy, to help investors find funds well-positioned in the transition to a low-carbon economy.

Out of hundreds of funds in the European equity category, the top ten actively managed funds were chosen based on their Climetrics score. The selected funds stand out as investing in European companies which are most focused on prioritising sustainability.

The awards were part of a larger event hosted by CDP Europe. Speakers such as H.S.H. Prince Albert II of Monaco, Valdis Dombrovskis, European Commission Vice-President for the Euro and Social Dialogue, and a whole array of senior-level executives, key policymakers and innovative investors, were present.

“EIT Climate KIC’s Decision Metrics and Finance Programme helped Climetrics to develop its business model and reach new audiences through our networks through to its launch in 2017, so it is exciting to see it today for the first time recognising top performers,” said Riyong Kim, Head of Programmes, Decision Metrics and Finance, EIT Climate-KIC. “This rating is a first of its kind that places climate and sustainability at the centre of investment decisions. Hopefully, this will provide incentives to even more funds to improve their climate performance.”

Nico Fettes, Head of Climetrics at CDP, said:

“Improving the transparency in the fund industry is crucial if our economy is to move capital towards sustainable investments fast enough. Our aim with Climetrics is to give confidence that their investments are well positioned in this transition, and Climate-KIC has been instrumental in catalysing this project and enabling this information to get to the market.”

Launched in 2017, Climetrics is a unique fund-rating scheme providing the world’s first independent climate impact analysis of investment funds using a holistic, rules-based and transparent approach.

It uses the most up-to-date information to allow investors to integrate climate risk factors into fund selection and monitoring in a transparent, effective and cost-efficient way.

By using Climetrics’ data, asset managers can use climate risk information to create new low-carbon funds and shift money towards lower-carbon assets.

The equity fund market is worth more than €3 trillion in Europe and could be a significant lever for mitigating climate change. But, despite fast-growing demand for climate-conscious investing, until the arrival of Climetrics, there had been no rating system to allow investors to compare the climate risk in investments, such as entrenched investment in fossil fuels or lack of climate change strategy.

EIT Climate-KIC recognised Climetrics’ potential, the financial expertise, strength and climate mission of its consortium comprising core partners CDP and Institutional Shareholder Services. Our workshops and masterclasses helped develop the business model, while our support and network helped Climetrics to reach new audiences in the policy arena.

EIT Climate-KIC also provided support to the consortium in the development of Climetrics through its innovation demonstrator programme.


CDP, the non-profit environmental disclosure platform, launched its European Report: Higher Ambition, Higher Expectations at the awards ceremony.

 
Location
Belgium
Articles you may be interested in
In Detail
How should Europe approach AI in the strategic areas of climate, health, man...

A new report – Digital Transformation of European Industry: A Policy Perspective – addresses the important topic of how Europe should deal with Artificial...

How should Europe approach AI in the strategic areas of climate, health, manufacturing and mobility?
In The News
World’s biggest green business ideas competition now fully digital, free and...

The three-day Grand Global Final of the EIT Climate-KIC supported...

World’s biggest green business ideas competition now fully digital, free and accessible to all
In Detail
IIPP report for EIT Climate-KIC’s Resilient Regions Deep Demonstration pro...

EIT Climate-KIC partner the UCL Institute for Innovation and Public Purpose (IIPP), has published the “Resilient Regions Reconnaissance Report,” part of an eight-part series...

IIPP report for EIT Climate-KIC’s Resilient Regions Deep Demonstration proposes new economic paradigms to boost resilience
In The News
Three cities building back better: Madrid, Milan and Amsterdam

EIT Climate-KIC will host a session at the 18th...

Three cities building back better: Madrid, Milan and Amsterdam
In The News
EIT Climate-KIC to work with Google on Impact Challenge

EIT Climate-KIC is delighted to announce that it will...

EIT Climate-KIC to work with Google on Impact Challenge
In Detail
EIT Climate-KIC’s case studies on innovative land use set the stage fo...

EIT Climate-KIC launches ‘Innovations in land use,’ a collection of case studies demonstrating the organisation’s innovation-led, systemic approach that’s poised to help Europe deliver...

EIT Climate-KIC’s case studies on innovative land use set the stage for transforming whole systems
In The News
What role can finance play in the green recovery? EIT Climate-KIC and UNEP Fin...

EIT Climate-KIC, in partnership with the UNEP Finance Initiative,...

What role can finance play in the green recovery? EIT Climate-KIC and UNEP Finance Initiative ask leading thinkers to weigh in
In The News
EIT Climate-KIC supports European green recovery with €4 million for start-u...

EIT Climate-KIC is investing €4 million in nine climate...

EIT Climate-KIC supports European green recovery with €4 million for start-ups affected by COVID-19
Opinion
How public servants can engage unlikely allies to deliver climate policies
Juan Azcarate Deputy director of Energy and Climate Change, Madrid City Council
How public servants can engage unlikely allies to deliver climate policies
In The News
The City Finance Lab calls on urban leaders to help build back better

Organised by sustainability expert South Pole, the competition for...

The City Finance Lab calls on urban leaders to help build back better
In The News
EIT Climate-KIC supported cities – Leuven, Milan, Valencia and Vienna no...

Twelve cities are in the final stage of the...

EIT Climate-KIC supported cities – Leuven, Milan, Valencia and Vienna nominated as European Capital of Innovation 2020
Opinion
Going beyond investments in single-point solutions, an Opinion by Kirsten Dunlop
Kirsten Dunlop CEO, EIT Climate-KIC
Going beyond investments in single-point solutions, an Opinion by Kirsten Dunlop
In The News
The climate emergency demands bold policy innovations – can cities d...

While the challenges of climate change and a global...

The climate emergency demands bold policy innovations – can cities deliver? 
In The News
EIT Climate-KIC joins circular economy side event at UN High Level Political F...

“Bold leaders are needed to drive a collaborative approach...

EIT Climate-KIC joins circular economy side event at UN High Level Political Forum on Sustainable Development
In The News
EIT Climate-KIC and Silesian Metropolis join forces to transform Europe’s la...

EIT Climate-KIC and the Metropolitan Association of Upper Silesia...

EIT Climate-KIC and Silesian Metropolis join forces to transform Europe’s largest coal region in the face of the climate crisis
In The News
Anders Wijkman represents EIT Climate-KIC at the International Society for the...

Speaking online at the inaugural Conference of IS4CE—the International...

Anders Wijkman represents EIT Climate-KIC at the International Society for the Circular Economy Conference
In The News
EIT Climate-KIC receives €8.4 million for innovation projects that stimulate...

Eleven climate innovation projects across Europe tackling COVID-19 related...

EIT Climate-KIC receives €8.4 million for innovation projects that stimulate job creation and support a post COVID-19 green recovery
In The News
CEO Kirsten Dunlop represents EIT Climate-KIC at Climate Policy Forum

On 25 June, EIT Climate-KIC attended the Climate Policy...

CEO Kirsten Dunlop represents EIT Climate-KIC at Climate Policy Forum
In Detail
A net zero future offers significant opportunities for the European economy,...

EIT Climate-KIC’s views on the EU 2030 Climate Target Plan.  The recent announcements from the European Commission on the EU Recovery Plan from the...

A net zero future offers significant opportunities for the European economy, society and citizens
In The News
EIT Climate-KIC supported LOOP-Ports project wins prestigious sustainability a...

The LOOP-Ports project, led by the Fundación Valenciaport  and funded by EIT Climate-KIC,...

EIT Climate-KIC supported LOOP-Ports project wins prestigious sustainability award
In The News
EIT Climate KIC joins roundtable as Republic of Korea moves Green Deal forward

On 24 June, EIT Climate-KIC attended the 7th Green...

EIT Climate KIC joins roundtable as Republic of Korea moves Green Deal forward
In our community
Water scarcity in Southern Europe: Manufacturing expert insights
Water scarcity in Southern Europe: Manufacturing expert insights
Opinion
A scientist’s opinion: Interview with Cliona Howie Del Rio about systems thinking
A scientist’s opinion: Interview with Cliona Howie Del Rio about systems thinking
In Detail
Citizen activation is essential for Europe to meet its climate ambition

EIT Climate-KIC provides ideas for action under the European Climate Pact. The debate on how to achieve ambitious climate targets is often dominated by...

Citizen activation is essential for Europe to meet its climate ambition
In The News
EIT Climate-KIC shines at the GLF Bonn Digital Conference, the year’s la...

EIT Climate-KIC’s Director of Sustainable Land Use and member...

EIT Climate-KIC shines at the GLF Bonn Digital Conference, the year’s largest global digital conference on the environment
In The News
EIT Climate-KIC supported Climeworks raises over €67 million to expand its c...

Climeworks, the world leader in capturing CO2 from air,...

EIT Climate-KIC supported Climeworks raises over €67 million to expand its carbon dioxide removal capacities
In The News
EIT Climate-KIC supported Zeleros raises €7 million for the development of h...

EIT Climate-KIC supported Zeleros Hyperloop has completed a financing...

EIT Climate-KIC supported Zeleros raises €7 million for the development of hyperloop in Europe
In our community
A just transformation for Rugeley, as the power station comes down
A just transformation for Rugeley, as the power station comes down
In Detail
Challenging paradigms as the gateway to innovation: New IIPP report for EIT ...

EIT Climate-KIC partner the UCL Institute for Innovation and Public Purpose (IIPP), which works on changing how public value is imagined, practiced and evaluated...

Challenging paradigms as the gateway to innovation: New IIPP report for EIT Climate-KIC’s Landscapes as Carbon Sinks Deep Demonstration
In our community
Water scarcity in Southern Europe: Raw materials expert insights
Water scarcity in Southern Europe: Raw materials expert insights