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
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,
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
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
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
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
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.
A summary of UNPRI’s 2020 Assessment Report on Inherent Group follows: To access the data portal, click here.
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.
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, with climate change a key concern. Here are seven takeaways from this Responsible Investment 2020 report by Private Equity International.
In June 2020 Ted Seides invited CEO/CIO Tony Davis to discuss the formation of Inherent Group and its approach to investing as part of the Capital Allocators series on Sustainable Investing. The conversation covers Tony’s early career experience at Goldman Sachs, key lessons from twenty years at Anchorage Capital, his retirement and philanthropic work in
Forbes contributor Bhakti Mirchandani details the US Department of Labor’s proposed rule clarifying the application of the fiduciary duties of prudence and exclusive purpose under ERISA to pension plan sustainable investments in the article titled How To Read The Proposed New ERISA Rule And What It Gets Wrong On Sustainable Investing. She notes “the Secretary
In May 2020, CFA Society New York’s Sustainable Investing Group invited Nikhil Mirchandani to discuss Inherent’s investment approach, which incorporates Environmental, Social, and Governance (ESG) factors into every stage of its process from sourcing to underwriting to engagement and ongoing monitoring. Learn more about Inherent’s differentiated process that incorporates an ESG lens not just investing
This Ceres report outlines how and why U.S. financial regulators, who are responsible for protecting the stability and competitiveness of the U.S. economy, need to recognize and act on climate change as a systemic risk. It provides more than 50 recommendations for key financial regulators to adopt, including the Federal Reserve Bank (the Fed), the
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, and Luca Albertini of Leadenhall Capital discuss their significant work and various approaches to identifying and
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 Center on Corporate Responsibility, and the Office of the New York City Comptroller Scott M. Stringer:
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
“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