Forum Nachhaltige Geldanlagen
Forum Nachhaltige Geldanlagen (FNG), founded in 2001, is the industry association promoting sustainable investment in Germany, Austria and Switzerland. It has over 150 corporate members, including banks, investment management companies, insurance companies, rating agencies, investment companies, asset managers, financial advisers and NGOs, and around 30 individual members.
European network for the promotion of sustainable investment
The European umbrella organisation Eurosif was founded by five national SIFs (Sustainable Investment Forums) from France, Germany, UK, Italy and the Netherlands.
The European SIF family now comprises 11 national forums.
Danish Sustainable Investment Forum (DANSIF) | www.dansif.dk
Dutch Social Investment Forum (VBDO) | www.vbdo.nl
European Sustainable Investment Forum (EUROSIF) | www.eurosif.org
French Social Investment Forum (FIR) | www.frenchsif.org
German / Austrian / Swiss Sustainable Investment Forum (FNG) | www.forum-ng.org
Italia Forum for Sustainable Finance (Forum per la Finanza Sostenibile) |
Norwegian SIF (Norsif) | http://norsif.org
Spain Social Investment Forum (SPAINSIF) | www.spainsif.es
Swedish Social Investment Forum (SWESIF) | www.swesif.org
UK Sustainable Investment and Finance Association (UKSIF) | www.uksif.org
Members of Eurosif are BELSIF, FNG, FIR, UKSIF, Forum per la Finanza Sostenibile, VBDO, SPAINSIF and SWESIF.
Afrika | www.africasif.org
Asia | www.asria.org
Australasia | www.responsibleinvestment.org
Canada | www.socialinvestment.ca
Japan | www.sifjapan.org
USA | www.socialinvest.org
There are a variety of terms used to describe investments with an environmental, ethical or social focus - green money, social investment, ethical investment, sustainable investment - and all of these are encompassed by the concept of sustainability.
Definition: sustainable investments supplement the traditional criteria of profitability, liquidity and security with environmental, social and ethical evaluation criteria.
Sustainable investment is the umbrella term for sustainable, responsible, ethical, social and environmental investment and all other investment processes that take the influence of ESG (environmental, social and governance) criteria into account in their financial analyses. It also presupposes the existence of an explicit written investment policy on the use of ESG criteria.
There are a variety of different investment processes:
Negative investment criteria – also called negative screening or exclusion criteria – provide the basis for an investment strategy that is used to exclude from the investment universe those industries, companies and even countries which fail to meet certain social, environmental and governance criteria, which do not fulfil the ethical claims made in their business policies or which breach international norms and standards as defined by OECD, ILO, UN and others.
Value-based exclusion criteria are those used to make decisions based on investors' own values. They include e.g.:
Chlorine-based chemicals and agrochemicals
Controversial environmental behaviour
Exploitation of child labour
Systematic lobbying of public institutions with the aim of lowering CSR standards
Norm-based exclusion criteria are those used to exclude companies and countries based on breaches of international norms and standards. They include e.g.:
Non-ratification of the Kyoto Protocol
Violations of the Convention on Biological Diversity
Non-ratification of the Protocol on Biosafety
Exclusion of POPs (persistent organic pollutants) as defined by the Stockholm Convention
Violations of other environmental treaties
Breaches of ILO Conventions
Breaches of non-proliferation treaties
Breaches of the Geneva Convention
Violations of human rights
Violations of fundamental democratic and political rights (political participation, freedom of the press, etc.)
Breaches of other international conventions.
Violations of laws (e.g. environmental legislation, consumer protection law, legislation on accountancy fraud, equal opportunities legislation)
Infringements of anti-trust law (e.g. abuse of a dominant market position)
Positive Screening is an SRI investment approach that proactively seeks out companies in certain business activities and/or with leading business practices, based on a set of ESG criteria. This may include Best-in-Class or SRI thematic funds for instance.
SRI thematic funds may focus on sectors such as Water, Energy, or issues such as the transition to sustainable development and a low carbon economy. To be considered SRI, a thematic fund must show an explicit SRI motivation, taking into account ESG considerations in the fund construction process. This requires the existence of specific mechanisms, such as the involvement of SRI expertise in stock analysis selection, the application of an ESG screen, or the management of the product by the SRI team.
Best-in-Class is an approach where the leading companies with regard to ESG criteria from each individual sector or industry group are identified and included/over-weighted in the portfolio.
On 03 June 2019 we published the Marktbericht Nachhaltige Geldanlagen 2019 (Market Report Sustainable Investments 2019) for Germany, Austria and Switzerland. The FNG annual publication established itself as the industry's main reference and can be found in numerous literature lists. We present current volumes and investment strategies as well as the latest trends and developments in the sustainable investment market.
We were able to reach around 10,000 readers via downloads, displays at industry events, print mailings to our members and interested parties. The huge demand for data and high quality of the report is also shown by the large media response. Even two months after the publication of the report, there has been no decrease in related inquiries. We can refer to a large number of citations in the press about FNG or this year's market report. In addition to online media and business magazines with a large reach, we can also refer to articles in print media. An overview of all press articles can be found here.
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