SIF Impact Video Series from Capricorn Investment Group
SIF Impact Video Series: Inherent Group from Capricorn Investment Group on Vimeo.
Author: Jamie Mitchell
Posts by Jamie Mitchell
Sustainability Principles and Objectives (SPO) Framework
The Sustainability Principles and Objectives (SPO) Framework is an ESG framework for late-stage private companies, companies preparing to go public, and early-stage public companies. The SPO Framework is designed to ensure that a company at this stage of development takes into consideration positive ESG outcomes, as well as the need to mitigate negative ESG factors,
Net Zero Asset Managers initiative Progress Report
Net Zero Asset Manager Signatories now total 220 managing more than USD 57 trillion in assets under management. This means that more than half the world’s assets are now committed to achieving net zero by 2050 or sooner. Read the full progress report below, including Inherent’s commitment of 74% AUM to be managed in line
2021 Global Investor Statement to Governments on the Climate Crisis
We stand at the beginning of a pivotal decade in which institutional investors and government leaders worldwide have the power to raise ambition and accelerate action to tackle the climate crisis. If we do not meet this challenge and change course immediately, the world could heat in excess of 3-degrees Celsius this century. To achieve
AR6 Climate Change 2021: The Physical Science Basis
This report addresses the most up-to-date physical understanding of the climate system and climate change, bringing together the latest advances in climate science, and combining multiple lines of evidence from paleoclimate, observations, process understanding, and global and regional climate simulations.
Distressed Credit And The ESG Opportunity
Driving change is not always possible. The conventional wisdom regarding distressed credit investing is that the complex negotiations and fast pace of transactions at companies under duress thwart transitions toward sustainability and inclusion. Negotiating haircuts and covenants is already challenging, and the urgency of corporate distress amplifies the myriad difficulties of evaluating ESG, including inconsistency
World Economic Forum Op-Ed
Investors: the time for net zero is now As investors, we are making our own commitments to reach net-zero emissions in our portfolios. We do so not only because of the climate emergency, but also after considering the incredible investment opportunities offered by a decarbonized global economy. In 2020 alone, the market capitalization of clean
Tony Davis discusses Inherent’s ESG approach on White Collar Briefly
Perkins Coie Partner Kevin Feldis discusses Inherent Group’s ESG approach and framework on episode 25 of White Collar Briefly. Key topics include measuring ESG, assessing corporate culture, improved disclosure and the SEC’s increased focus on ESG within the division of enforcement. Click here to listen.
Boards Are Obstructing ESG — at Their Own Peril
In a recent Harvard Business Review article, Inherent Group Advisor Tensie Whelan, Clinical Professor for Business and Society at NYU Stern School of Business, posits that many boards have little ESG-related expertise and many do not even recognize the need to pay attention to material sustainability issues. She concludes stating that ensuring good performance on
Inherent Group’s UNPRI Case Study
The PRI (Principles for Responsible Investment) works with investors, industry associations and service providers to innovate and educate in incorporating environmental, social and governance factors into the investment decision-making process. As part of PRI’s hedge fund investment case study initiative, Inherent Group profiled an example of how we use the Sustainable Development Goals to source
Net Zero Asset Managers Commitment
Today Inherent Group joined 29 other asset managers globally in the Net Zero Asset Managers Commitment. The commitment recognizes “an urgent need to accelerate the transition towards global net zero emissions and for asset managers to play our part to help deliver the goals of the Paris Agreement and ensure a just transition.” Tony Davis,
Using ESG to Enhance Fixed-Income Returns: The Case of Inherent Group
At Inherent Group we aim to earn above-market risk-adjusted returns in businesses that are environmentally and socially as well as financially sustainable. We apply environmental, social, and governance (ESG) analysis throughout every stage of our investment process across the entire corporate capital structure. In our experience, this approach has produced differentiated insights into investment opportunities
Inherent PM Nikhil Mirchandani on ESG and Credit
Asked by Bloomberg Markets what will be the next big ESG issue, Inherent Group PM Nikhil Mirchandani suggested: “While incorporating ESG into public and private equity investing has gained considerable momentum, we expect to see it adopted more broadly in public credit investing next year. We believe otherwise diligent and thoughtful credit investors often omit
PRI Publishes Third Quarterly Report on Credit Ratings Agencies’ Progress on ESG Factor Integration
The PRI aims to provide market participants with a comprehensive resource on ESG-related activities at Credit Ratings Agencies (CRAs). This quarterly report compiles CRA’s latest resources as a tool in market participants’ ESG integration process. It also allows CRAs to showcase their ongoing efforts to be more transparent about how ESG factor affect credit opinions
ESG and the Earnings Call: Bringing the Metrics and the Narrative Together
Brian Tomlinson of CEO Investor Forum and Tensie Whelan of NYU Stern, Center for Sustainable Business and also an advisor to Inherent Group have some executive-ready recommendations for solving the problem of “two separate narratives” in corporate disclosure with “one telling how profitable a company is, and the other highlighting whether the company is good
Social-Impact Efforts That Create Real Value
It’s an open question whether ESG issues will remain as salient to investors during a global pandemic and the associated economic downturn. One of Inherent Group’s advisors, George Serafeim, bets they will.
UNPRI Releases 2020 Assessment Reports
A summary of UNPRI’s 2020 Assessment Report on Inherent Group follows: To access the data portal, click here.
Vital Farms Announces Closing of Initial Public Offering
Vital Farms, Inc. (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, announced the closing of its initial public offering on August 4, 2020.
Letter to DOL urging withdrawal or modification of RIN 1210-AB95
In July 2020 Inherent Group CEO/CIO Tony Davis wrote to Assistant Secretary Wilson regarding the proposed Department of Labor Employee Benefits Security Administration’s rule, Financial Factors in Selecting Plan Investments, Regulatory Identifier Number (RIN) number 1210-AB95. He expressed concern that the proposed rule would dissuade fiduciaries from assessing ESG risks and opportunities in their investments.
LP scrutiny of approaches to ESG is intensifying per Private Equity International
LP scrutiny of approaches to ESG is intensifying, with climate change a key concern. Here are seven takeaways from this Responsible Investment 2020 report by Private Equity International.