ERAFP commissioned Trucost to carry out the first carbon audit of its investments in listed equities.
Trucost consolidated the greenhouse gas (GHG) emissions data of each company so as to calculate the portfolio’s carbon intensity and compare it with that of a relevant market index.
Trucost used the data disclosed by the companies on direct GHG emissions (level 1) and indirect GHG emissions (level 2 and main suppliers).
The analysis found the carbon intensity of ERAFP’s portfolio is 19% lower than the MSCI All World Index. The relatively better performance against the index partially reflects ERAFP’s best-in-class strategy to invest in only those companies in each sector with the best ESG criteria.
The GreenFin Summit follows a successful launch event in 2019. That invitation-only event brought together 100 corporate sustainability leaders, major public-sector pension fund executives and leading financial institutions, with over a trillion dollars of combined assets under management. The discussion broached vital topics in ESG that will be expanded upon at the 2020 Summit. Richard Mattison...