In a Harvard Business School (HBS) panel discussion March 4, 2020 titled Uncovering and Pricing Climate Risk in Long-Term Investments moderated by George Serafeim of HBS, Wendy Cromwell of Wellington, Tony Davis of Inherent Group, Audrey Choi of Morgan Stanley, … Read More
Inherent Group, LP is among the group of 250+ investor signatories representing over $6.4 trillion in assets under management with global exposure across capital markets to the Investor Statement on Coronavirus response led by Domini Impact Investments LLC, Interfaith … Read More
Inherent Group is featured in this article on alternative strategies and ESG integration: For Tony Davis, the route to ESG investing came after a successful run as the co-founder of Anchorage Capital Group… Davis describes [Inherent Group] as an … Read More
At Inherent Group, we integrate an ESG framework throughout our investment process in pursuit of superior risk-adjusted returns. This article for the Journal of Applied Corporate Finance offers a detailed look at why we take this approach and how … Read More
Companies and investors are increasingly engaging on sustainability. The recent moves on climate issues made by Royal Dutch Shell, Glencore, and BP show how investor pressure (and in particular the Climate Action 100+ investor group) is helping shape corporate … Read More
Inherent Foundation helped create and invested in an innovative financing structure called Pursuit Bonds, which are helping provide workforce training to those with great potential and great need via the Pursuit organization. ‘So far, the graduate placement rate exceeds … Read More
Over the coming year, global capital markets may face a trio of torpedoes in the water: slowing growth, rising interest rates, and net aggregate withdrawal of liquidity by the world’s major central banks. Value-oriented managers are looking forward to … Read More
On December 4, 2018, Tony spoke at the Milken Institute’s London Summit on a panel entitled “The Evolution of ESG and Asset Management.” The panel, moderated by Marisa Drew of Credit Suisse, included representatives from CDPQ London, Shenkman Capital, … Read More
On December 3, 2018, Tony spoke at the Morgan Stanley SDG Investor Seminar. (The SDGs are the UN’s Sustainable Development Goals.) Tony discussed how Inherent integrates the SDGs into our investment process, primarily using them as a way to … Read More
On November 13, Inherent Group joined with other investors representing nearly $570 billion of assets under management in signing an open letter to Mr. Jay Clayton, Chairman of the Securities and Exchange Commission, urging the SEC to maintain Rule … Read More
Mid-term election results showed that decarbonization remains a second-tier issue for most voters. Initiative 1631, a carbon tax in Washington State was defeated, the second time the Washington electorate voted no on a carbon tax. In addition, Carlos Curbelo, … Read More
Inherent Group joined a group of investors in signing an open letter, released today, to Mr. Lawrence Culp, the new CEO of General Electric. The letter urges GE to invest more in the development and deployment of clean power … Read More
There’s long been a debate about the role of business in society, which I’ll address in a later post. For now, let’s stick with related question of whether it pays for an investor to focus on ESG. There’s a … Read More
Over the past year we have spoken with dozens of companies about ESG performance and disclosure. Sustainability teams are thinly staffed and overwhelmed by the sheer volume of surveys, requests for information, and the alphabet soup of reporting frameworks … Read More
Tony Davis is quoted in a piece by Emelia Hamilton Russell in Spear’s Magazine entitled “The New Capitalism: Has Wealth Found a New Conscience?” She discusses the rapid growth in assets invested in impact-related strategies and how capitalism is … Read More
On January 23, 2018, Tony Davis participated in a Knowledge@Wharton podcast entitled “How to Drive Competitive Returns with Impact Investing.” He discussed how Inherent Group incorporates material ESG factors into its investment process, his personal investing approach, and Inherent … Read More
On May 3, 2016, Tony Davis spoke at the Milken Institute on a panel entitled “Impact Investing: Where are the Deals?” Moderated by Amit Bouri, CEO of the Global Impact Investing Network (GIIN), panelists describe a range of approaches … Read More
Inherent Group's portfolio company Generate Capital announced on February 4 that it has secured over $1 billion in funding. Participating investors included AustralianSuper, QIC, Railways Pension, and AP2 of Sweden. The funds will accelerate the company's deployment of sustainable infrastructure in asset classes including battery storage, solar, energy efficiency, and electric vehicles.
Inherent Group's portfolio company Vital Farms, in a pioneering initiative in food traceability, enables consumers to see (pre-recorded) 360-degree video of the pastures where the eggs from a given carton are laid. The effort comes amidst increasing consumer interest in understanding where their food comes from, which is particularly relevant in a vertical where claims like "free-range" are frequently misleading.
"BlackRock’s renewed promise to actively engage, and when necessary, vote against companies that are not making sufficient progress on sustainability and climate risk will help to build a more transparent capital market system." -Mindy Lubber, CEO & President, Ceres
From an international carbon pricing regime to 'going olive', The FT's Moral Money team highlights 20 ESG 'resolutions' to watch for in the new year.
Investor demand is surging for green, social and sustainability bonds and loans as well as debt securities that react to the sustainability performance of the borrower.
What We Are Reading
Explore our library of third-party research and analysis on ESG integration and
NYU Center for Sustainable Business analyzed to two different industries (agriculture and automotive) to answer the question: Do sustainable practices lead to positive financial return for the business?
The performance implications of adopting strategic sustainability practices for both return on capital and expectations of future performance, as reflected in price to book valuation multiples.
An exploration of the relative performance of portfolio decarbonization strategies, and how performance is affected by institutional investor fund flows.
An empirical investigation of the risk-return relationship between corporate environmental performance and financial performance, with a focus on companies’ carbon footprint.
How performance on financially material ESG issues, as identified by the Sustainability Accounting Standards Board (SASB) can contribute to the United Nations’ Sustainable Development Goals.
Analysis of 2,200 studies finds ESG’s influence on corporate financial performance is positive and the results appear to be stable over time.