Unser Sustainable Investing Summit 2020 und unsere Roundtable-Reihe untersuchten
BRG – JPMPB – Sustainable Investing Summit Event Update – Transcript
Oliver:
I couldn't be more excited and delighted than to welcome all of you, our global audience, today for SIS 2020. 74% of you told us you wanted to invest sustainably, but you didn't know where to start, or how to do it. So, today, we're going to make sustainable investing a reality.
Sir Ronald Cohen:
We have to shift to stakeholder capitalism. We can no longer worry about shareholders, and, and neglect everyone else. So, "you begin to look at companies in terms of both their environmental and social performance, and their profit. And that will change the rules of the game."
Sir David King:
We know that sea levels will rise very, very significantly, perhaps, 30 to 40 cm by mid- century, just 30 years' time.
By which time, regions of South East Asia, for example, will no longer be livable. Cities like Calcutta, Mumbai underwater.
Mark Carney:
The key component is the private sector. Um, and this has been the big, big shift. You've seen, um, leading companies in the financial sector and the real economy, um, making commitments, and making real progress, um, towards net zero that gives, uh, a momentum to this.
Nicole Poindexter:
Because of the low cost of deploying solar technology, and some methodologies that we've really focused on to be incredibly low cost, including building local teams, we can actually be profitable while we are serving the least wealthy and the most vulnerable people in the world.
Daryn Dodson:
We can really look at the 10-year process that we can take our investors and our managers on to reduce their bias, so they can unlock their impact and their returns. And not create an artificial drag for our sector of impact investing, as it has a chance to be one of the dominant ways in which investors invest around the world.
Jennifer Wu:
Just by looking at oil and gas sector, right, we already know that some companies are fast embracing, you know, green energy and future proofing of their business model. Some of the others are not. And that difference is starting to be priced-in by the market. So, I think the message to investor is: get in early.
Jeremy Johnson:
I think that 10 years from now we're gonna look at those things as, actually, most well-run companies have a purpose on Earth, that a thing that they care about that goes above and beyond just existing as a company.
Lance Schiff:
If you're looking at equities, no matter what, equity markets were down in the middle of COVID. So, everything was down in price, but relative to markets, whether or not you're looking at Europe, or you're looking at emerging markets, or you're looking at the United States. You know, taking an ESG perspective versus a non-ASG ... ESG perspective, you consistently saw out performance.
Ben Thornley:
Impact, is really, uh, has built upon and stands on the shoulders of ESG practice. That good ESG practice is fundamentally an important aspect of, of impact also.
Oliver Gregson:
Whether it's investing in line with your values, or growing your portfolio more effectively, we believe, at J.P. Morgan, that through our sustainable investment platform we can help you invest with intent, aligning your portfolio to your principles. We believe the power of sustainable investing to mitigate investment risks, and to drive both long-term growth and positive impact.
It's why at last year's summit I quoted Carl Sagan, who said, whatever you do, "Don't sit this one out. Do something." The risks are simply too great, and the opportunities simply too huge.
BRG – JPMPB – Sustainable Investing Summit Event Update – Text Alternative Script
Side note:
Legal disclosures appear.
Text on screen:
This information is provided for informational purposes only. We believe the information contained in this video to be reliable; however we do not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage arising out of the use of any information in this video. The views expressed herein are those of the speakers and may differ from those of other J.P. Morgan employees, and are subject to change without notice. Nothing in this video is intended to constitute a representation that any product or strategy is suitable for you. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees to you. You should consult your independent professional advisors concerning accounting, legal or tax matters. Contact your J.P. Morgan team for additional information and guidance concerning your personal investment goals.
Logo:
J.P. Morgan.
Side note:
Inspirational orchestral music plays.
Text on screen:
Sustainable Investment. Summit & Roundtable Series 2020.
On screen:
A man with short hair and wearing a business suit, Oliver Gregson.
Text on screen:
Oliver Gregson, Head of the UK & Ireland, J.P. Morgan Private Bank.
Oliver:
I couldn't be more excited and delighted than to welcome all of you, our global audience, today for SIS 2020.
Text on screen:
Six days of Insight, Strategy...And unparalleled access to today's top financial minds.
Oliver:
74% of you told us you wanted to invest sustainably, but you didn't know where to start, or how to do it.
Side note:
Small print text reads:
Text on screen:
Source: Sustainable Investment Summit 2019 Audience Polling.
Oliver:
So, today, we're going to make sustainable investing a reality.
On screen:
A woman with long dark hair participates in the Summit remotely, from her home.
Text on screen:
Jessica Matthews, Global Head of Sustainable Investing, J.P. Morgan Private Bank.
On screen:
A man with silver hair and glasses, Sir Ronald Cohen, speaks remotely from an office.
Text on screen:
Sir Ronald Cohen, Chairman of the Global Steering Group for Impact Investment and the Portland Trust.
Sir Ronald:
We have to shift to stakeholder capitalism. We can no longer worry about shareholders, and, and neglect everyone else. So, "you begin to look at companies in terms of both their environmental and social performance, and their profit. And that will change the rules of the game."
Text on screen:
Climate.
On screen:
A man with glasses and headphones speaks remotely from a room with bookshelves.
Text on screen:
Sir David King, Founder and Chair, Center for Climate Repair Cambridge.
Sir David:
We know that sea levels will rise very, very significantly, perhaps, 30 to 40 cm by mid- century, just 30 years' time.
Side note:
Small print text:
Text on screen:
(Source: Climate Central, Flooded Future, October 2019 www.climatecentral.org.
Sir David:
By which time, regions of South East Asia, for example, will no longer be livable. Cities like Calcutta, Mumbai underwater.
On screen:
A man with brown hair participates in the 2020 Summit, Nicolas Aguzin, speaks remotely.
Text on screen:
Nicolas Aguzin. Chief Executive Officer, International Private Bank, J.P. Morgan.
On screen:
A man with salt-and-pepper hair, Mark Carney, speaks remotely from his home.
Text on screen:
Mark Carney, UN Special Envoy on Climate Action and Finance, and Prime Minister Johnson's Finance Advisor for COP26.
Mark Carney:
The key component is the private sector. Um, and this has been the big, big shift. You've seen, um, leading companies in the financial sector and the real economy, um, making commitments, and making real progress, um, towards net zero that gives, uh, a momentum to this.
Text on screen:
One quarter of global Fortune 500 companies have adopted carbon neutral targets, or will by 2030.
Side note:
Small print text:
Text on screen:
Source: Natural Capital Partners Deeds Not Words - The Growth of Climate Action in The Corporate World September 2019.
Side note:
The orchestra music continues.
Text on screen:
A New Wave of Clean Energy.
On screen:
Ilaria Calabresi, Sustainable Investing Lead EMEA, Asia and Latin America, J.P. Morgan Private Bank and Geoffrey Eisenberg, Partner at Ecosystem Integrity Fund, listen (remotely) to an executive with short hair and brown eyes, Nicole Poindexter.
Text on screen:
Nicole Poindexter, Chief Executive Officer & Founder, Energicity Corp.
Nicole:
Because of the low cost of deploying solar technology, and some methodologies that we've really focused on to be incredibly low cost, including building local teams, we can actually be profitable while we are serving the least wealthy and the most vulnerable people in the world.
Text on screen:
There isn't a trade-off between creating impact and achieving an attractive financial return.
On screen:
A multiple split-screen shows close-ups of dozens of diverse individuals.
Text on screen:
Diversity: Will There Be Change?
On screen:
A woman with dark hair and brown eyes, Tiffany Lewis, participates in the Summit remotely.
Text on screen:
Tiffany Lewis, Executive Director, J.P. Morgan Asset Management.
On screen:
A man who keeps his head shaved and wears his beard in a goatee, Daryn Dodson, speaks remotely.
Text on screen:
Daryn Dodson, Managing Director, Illumen Capital.
Daryn:
We can really look at the 10-year process that we can take our investors and our managers on to reduce their bias, so they can unlock their impact and their returns. And not create an artificial drag for our sector of impact investing, as it has a chance to be one of the dominant ways in which investors invest around the world.
Text on screen:
65% of investors say gender diversity is important in manager selection. But only 25% actually ask about diversity during investment selection.
Side note:
Small print text:
Text on screen:
Source: Harvard Business Review Institutional Investors Must Help Close the Race and Gender Gaps in Venture Capital August 2020.
Side note:
The orchestra music continues.
Normal print text:
Text on screen:
In the Loop: Why Consider a Circular Economy?
By 2030, the circular economy could globally yield up to $4.5 trillion in economic benefits...Saving 92 million tons of textiles in landfills...1.3 bilion tons of food waste...and 45 trillion gallons of water wasted through food production annually.
Side note:
Small print text:
Text on screen:
Source: Accenture's 2015 book "Waste to Wealth."
Side note:
Normal print text:
Text on screen:
ESG and Sustainability: The New Normal?
On screen:
A woman with short black hair and gray blazer, Jennifer Wu, speaks remotely.
Text on screen:
Jennifer Wu, Global Head of Sustainable Investing, J.P. Morgan Asset Management
Jennifer:
Just by looking at oil and gas sector, right, we already know that some companies are fast embracing, you know, green energy and future proofing of their business model. Some of the others are not. And that difference is starting to be priced-in by the market. So, I think the message to investor is: get in early.
Text on screen:
Impact Investing: Fact or Fiction?
On screen:
Now, Rob Hutter, Founder & Managing Partner of Learn Capital and John Ancona, Co-Head of Private Equity, with J.P. Morgan Private Bank, listen (remotely) to an executive with short dark hair, Jeremy Johnson.
Text on screen:
Jeremy Johnson, Co-Founder and CEO, Andela.
Jeremy:
I think that 10 years from now we're gonna look at those things as, actually, most well-run companies have a purpose on Earth, that a thing that they care about that goes above and beyond just existing as a company.
Text on screen:
Portfolio Implementation: How Do I Do It?
On screen:
A man with light hair and headphones, Lance Schiff, speaks remotely.
Text on screen:
Lance Schiff, Portfolio Manager, J.P. Morgan Private Bank.
Lance:
If you're looking at equities, no matter what, equity markets were down in the middle of COVID. So, everything was down in price, but relative to markets, whether or not you're looking at Europe, or you're looking at emerging markets, or you're looking at the United States. You know, taking an ESG perspective versus a non-ASG ... ESG perspective, you consistently saw out performance.
Text on screen:
Measuring ESG and Impact: Are There Tips and Tactics?
On screen:
A man with short reddish-brown hair, Ben Thornley, speaks remotely from his home.
Text on screen:
Ben Thornley, Managing Partner, Tideline.
Ben:
Impact, is really, uh, has built upon and stands on the shoulders of ESG practice. That good ESG practice is fundamentally an important aspect of, of impact also.
On screen:
Oliver speaks to the viewer.
Oliver:
Whether it's investing in line with your values, or growing your portfolio more effectively, we believe, at J.P. Morgan, that through our sustainable investment platform we can help you invest with intent, aligning your portfolio to your principles. We believe the power of sustainable investing to mitigate investment risks, and to drive both long-term growth and positive impact.
On screen:
A montage shows clean bodies of water, white turbines in an offshore wind farm, and a massive waterfall in a pristine landscape.
Oliver:
It's why at last year's summit I quoted Carl Sagan, who said, whatever you do, "Don't sit this one out. Do something." The risks are simply too great, and the opportunities simply too huge.
Text on screen:
"Anything else you're interested in is not going to happen if you can't breathe the air and drink the water. Don't sit this one out. Do something. You are by accident of fate alive at an absolutely critical moment in the history of our planet."
- Carl Sagan.
J.P. Morgan Private Bank can help align your portfolio to your principles with compelling growth ideas that make an impact. Please contact your J.P. Morgan team for more information.
Logo:
J.P.Morgan Private Bank.
Side note:
Legal disclosures appear.
Text on screen:
Important Information
This information is provided for informational purposes only. We believe the information contained in this video to be reliable; however we do not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage arising out of the use of any information in this video. The views expressed herein are those of the speakers and may differ from those of other J.P. Morgan employees, and are subject to change without notice. Nothing in this video is intended to constitute a representation that any product or strategy is suitable for you. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees to you. You should consult your independent professional advisors concerning accounting, legal or tax matters. Contact your J.P. Morgan team for additional information and guidance concerning your personal investment goals.
Key Risks. This material is for information purposes only, and may inform you of certain products and services offered by J.P. Morgan’s wealth management businesses, part of JPMorgan Chase & Co. (“JPM”). Products and services described as well as associated fees, charges, and interest rates, are subject to change in accordance with the applicable account agreements and may differ among geographic locations. Not all products and services are offered at all locations. Please read all Important Information.
General Risks & Considerations. Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g., equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan representative.
Non-Reliance. Certain information contained in this material is believed to be reliable; however, JPM does not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. No representation or warranty should be made with regard to any computations, graphs, tables, diagrams or commentary in this material, which are provided for illustration/reference purposes only. The views, opinions, estimates and strategies expressed in this material constitute our judgment based on current market conditions and are subject to change without notice. JPM assumes no duty to update any information in this material in the event that such information changes. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of JPM, views expressed for other purposes or in other contexts, and this material should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circumstances. Forward-looking statements should not be considered as guarantees or predictions of future events.
Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees, irrespective of whether or not such communication was given at your request. J.P. Morgan and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.
Legal Entity, Brand & Regulatory Information
In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, are offered by JPMorgan Chase Bank, N.A. Member FDIC.
JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank-managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB and JPMS are affiliated companies under the common control of JPM. Products not available in all states.
In Luxembourg, this material is issued by J.P. Morgan Bank Luxembourg S.A. (JPMBL), with registered office at European Bank and Business Centre, 6 route de Treves, L-2633, Senningerberg, Luxembourg. R.C.S Luxembourg B10.958. Authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg S.A. is authorized as a credit institution in accordance with the Law of 5th April 1993. In the United Kingdom, this material is issued by J.P. Morgan Bank Luxembourg S.A., London Branch. Prior to Brexit (Brexit meaning that the United Kingdom leaves the European Union under Article 50 of the Treaty on European Union, or, if later, loses its ability to passport financial services between the United Kingdom and the remainder of the EEA), J.P. Morgan Bank Luxembourg S.A., London Branch is subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Details about the extent of our regulation by the Financial Conduct Authority and the Prudential Regulation Authority are available from us on request. In the event of Brexit, in the United Kingdom, J.P. Morgan Bank Luxembourg S.A., London Branch is authorized by the Prudential Regulation Authority, subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. In Spain, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Sucursal en España, with registered office at Paseo de la Castellana, 31, 28046 Madrid, Spain. J.P. Morgan Bank Luxembourg S.A., Sucursal en España is registered under number 1516 within the administrative registry of the Bank of Spain and supervised by the Spanish Securities Market Commission (CNMV). In Germany, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Frankfurt Branch, registered office at Taunustor 1 (TaunusTurm), 60310 Frankfurt, Germany, jointly supervised by the Commission de Surveillance du Secteur Financier (CSSF) and the European Central Bank (ECB), and in certain areas also supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). In Italy, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Milan Branch, registered office at Via Catena Adalberto 4, Milan 20121, Italy and regulated by Bank of Italy and the Commissione Nazionale per le Società e la Borsa (CONSOB). In the Netherlands, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch, with registered office at World Trade Centre, Tower B, Strawinskylaan 1135, 1077 XX, Amsterdam, The Netherlands. J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch is authorized and regulated by the Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF in Luxembourg; J.P. Morgan Bank Luxembourg S.A., Amsterdam Branch is also authorized and supervised by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM) in the Netherlands. Registered with the Kamer van Koophandel as a branch of J.P. Morgan Bank Luxembourg S.A. under registration number 71651845. In Denmark, this material is distributed by J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. with registered office at Kalvebod Brygge 39-41, 1560 København V, Denmark. J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. is authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg, Copenhagen Br, filial af J.P. Morgan Bank Luxembourg S.A. is also subject to the supervision of Finanstilsynet (Danish FSA) and registered with Finanstilsynet as a branch of J.P. Morgan Bank Luxembourg S.A. under code 29009. In Sweden, this material is distributed by J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial, with registered office at Hamngatan 15, Stockholm, 11147, Sweden. J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial is authorized and regulated by Commission de Surveillance du Secteur Financier (CSSF) and jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg S.A., Stockholm Bankfilial is also subject to the supervision of Finansinspektionen (Swedish FSA). Registered with Finansinspektionen as a branch of J.P. Morgan Bank Luxembourg S.A. In France, this material is distributed by JPMorgan Chase Bank, N.A. (“JPMCB”), Paris branch, which is regulated by the French banking authorities Autorité de Contrôle Prudentiel et de Résolution and Autorité des Marchés Financiers. In Switzerland, this material is distributed by J.P. Morgan (Suisse) SA, which is regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA).
In Hong Kong, this material is distributed by JPMCB, Hong Kong branch. JPMCB, Hong Kong branch is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong. In Hong Kong, we will cease to use your personal data for our marketing purposes without charge if you so request. In Singapore, this material is distributed by JPMCB, Singapore branch. JPMCB, Singapore branch is regulated by the Monetary Authority of Singapore. Dealing and advisory services and discretionary investment management services are provided to you by JPMCB, Hong Kong/Singapore branch (as notified to you). Banking and custody services are provided to you by JPMCB Singapore Branch. The contents of this document have not been reviewed by any regulatory authority in Hong Kong, Singapore or any other jurisdictions. You are advised to exercise caution in relation to this document. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. For materials which constitute product advertisement under the Securities and Futures Act and the Financial Advisers Act, this advertisement has not been reviewed by the Monetary Authority of Singapore. JPMorgan Chase Bank, N.A. is a national banking association chartered under the laws of the United States, and as a body corporate, its shareholder’s liability is limited.
With respect to countries in Latin America, the distribution of this material may be restricted in certain jurisdictions. We may offer and/or sell to you securities or other financial instruments which may not be registered under, and are not the subject of a public offering under, the securities or other financial regulatory laws of your home country. Such securities or instruments are offered and/or sold to you on a private basis only. Any communication by us to you regarding such securities or instruments, including without limitation the delivery of a prospectus, term sheet or other offering document, is not intended by us as an offer to sell or a solicitation of an offer to buy any securities or instruments in any jurisdiction in which such an offer or a solicitation is unlawful. Furthermore, such securities or instruments may be subject to certain regulatory and/or contractual restrictions on subsequent transfer by you, and you are solely responsible for ascertaining and complying with such restrictions. To the extent this content makes reference to a fund, the Fund may not be publicly offered in any Latin American country, without previous registration of such fund’s securities in compliance with the laws of the corresponding jurisdiction. Public offering of any security, including the shares of the Fund, without previous registration at Brazilian Securities and Exchange Commission—CVM is completely prohibited. Some products or services contained in the materials might not be currently provided by the Brazilian and Mexican platforms.
References to “J.P. Morgan” are to JPM, its subsidiaries and affiliates worldwide. “J.P. Morgan Private Bank” is the brand name for the private banking business conducted by JPM. This material is intended for your personal use and should not be circulated to or used by any other person, or duplicated for non-personal use, without our permission. If you have any questions or no longer wish to receive these communications, please contact your J.P. Morgan representative.
Copyright 2020 JPMorgan Chase & Co. All rights reserved.
END
Unser Sustainable Investing Summit 2020 und unsere Roundtable-Reihe untersuchten, wie das durch die COVID-19 Krise verstärkte Potenzial eines nachhaltigen Ansatzes dazu beitragen wird, das Anlagerisiko zu mindern und sowohl langfristiges Wachstum als auch positive Auswirkungen zu unterstützen.
Dieses Jahr war ein Wendepunkt für die globale Nachhaltigkeitsagenda. Die Coronavirus-Pandemie hat nicht nur die größte Rezession seit dem Zweiten Weltkrieg verursacht, sondern auch den Übergang zu nachhaltigem Anlegen beschleunigt und Fragen des Klimawandels und der sozialen Ungleichheit ins Rampenlicht gerückt.
Im Rahmen unseres Sustainable Investing Summit und unserer Roundtable-Serie 2020 untersuchten wir, wie die COVID-19 Krise die Art und Weise verändert hat, wie viele von uns nachhaltiges Investieren angehen. Darüber hinaus erörterten wir die wichtigsten Trends, Chancen und die Anlageperformance, die wir in diesem Bereich beobachten. Wir sprachen mit führenden Branchenvertretern über eine Reihe von Themen – von den ökologischen Herausforderungen unseres Planeten bis hin zur Zukunft der Kreislaufwirtschaft. Wir sind davon überzeugt, dass nachhaltige Kapitalanlagen sowohl langfristig Anlageerträge als auch eine positive Wirkung erzielen können.
Ist ESG die neue Normalität?
Während wir den Welleneffekt der Coronavirus-Pandemie verdauen, wird deutlich, dass die Bedeutung von Umwelt-, Sozial- und Governance-Themen (ESG) immer stärker wird. Die radikalen Veränderungen, die durch COVID-19 verursacht wurden, waren ein Weckruf für politische Entscheidungsträger und Investoren, der diesen die Notwendigkeit eines anderen Anlageansatzes vor Augen führte. Insbesondere das „S“ in ESG hat im Jahr 2020 an Bedeutung gewonnen, da die aktuelle Gesundheitskrise soziale Ungerechtigkeiten auf der ganzen Welt sichtbarer machte.
Im Zuge des Wandels hin zum Stakeholder-Kapitalismus beginnen Investoren, Unternehmen nicht nur hinsichtlich ihrer Gewinne, sondern auch in Bezug auf ihre ökologische und soziale Leistung zu untersuchen. Unternehmen nehmen zunehmend Maßnahmen zur Bekämpfung des Klimawandels in ihre Praktiken auf – ein Viertel der weltweiten Fortune 500-Unternehmen hat CO2-neutrale Ziele festgelegt oder sich verpflichtet, dies bis 2030 zu tun.1
Unternehmen mit erfolgreichen ESG-Kennzahlen sind in der Regel wettbewerbsfähiger und weisen eine höhere Rentabilität sowie bessere Risikokontrollen auf, die mit starken Erträgen einhergehen. Zahlreiche Studien belegen, dass die Einbettung wesentlicher ESG-Faktoren in den Anlageprozess zu fundierteren Entscheidungen führt und das Potenzial zur Alpha-Generierung bietet.
Neben der ESG-Integration, die im Anlageprozess zunehmend an Relevanz gewinnt, betrachten wir auch das Thema Nachhaltigkeit als einen möglichen langfristigen Wachstumsbereich für Portfolios, da dieser Ansatz auf die dauerhaften Wachstumstrends ausgerichtet ist. Dies umfasst potenziell attraktive Anlageideen wie saubere Energie (die Umstellung auf erneuerbare Energieträger), nachhaltige Konsumgüter und Elektrofahrzeuge.
Saubere Energie auf dem Vormarsch
Wir stehen am Beginn eines neuen Zeitalters der sauberen Energie, das sowohl für Unternehmen als auch für Investoren eine Vielzahl von Gelegenheiten bietet. Mittlerweile haben erneuerbare Energien das gleiche Kostenniveau wie Erdgas erreicht und sind deutlich preiswerter als Kohle. Seit 2010 weist der im Kraftwerksmaßstab erzeugte Solarstrom den stärksten Kostenrückgang von 82 % auf, während die Kosten für Onshore-Windkraft um 39 % und für Offshore-Windkraft um 29 % gesunken sind.2
Weltweit erkennen Regierungen den zunehmenden Bedarf an sauberer Energie, und die Regulierungsbehörden setzen ambitionierte Ziele, um den Einsatz erneuerbarer Energiequellen in der Wirtschaft zu fördern. Das ist erst der Anfang. Während derzeit weniger als 20 % der globalen Stromerzeugung aus erneuerbaren Quellen stammen, wird dieser Anteil bis 2050 voraussichtlich auf über 50 % ansteigen.3
Wir glauben, dass die wirtschaftlichen Anreize in Verbindung mit der staatlichen Förderung sauberer Energie letzten Endes für eine freudige Überraschung sorgen werden – ein zweistelliges Gewinnwachstum für Unternehmen, die zur Wertschöpfungskette der sauberen Energie beitragen und davon profitieren können.
Übergang zur Kreislaufwirtschaft
Derzeit arbeitet die Welt in einer linearen Wirtschaft – nach dem Konzept „Take, Make, Waste“. Die weltweite Nachfrage nach natürlichen Ressourcen wächst rapide und wird sich bis 2050 auf 130 Milliarden Tonnen pro Jahr verdreifachen, was mehr als 400 % der Erdkapazität ausmachen würde.4
Die Kreislaufwirtschaft hat in den letzten Jahren an Dynamik gewonnen und könnte uns in eine nachhaltigere Zukunft führen. Dieses Konzept zielt darauf ab, Abfall zu vermeiden. Dazu wird ein geschlossenes System geschaffen, das Materialien im Kreislauf hält, indem wir dazu angehalten werden, Produkte wiederzuverwenden, zu recyceln und zu reparieren, anstatt brandneue zu produzieren.
Die Suche nach Kreislauflösungen ist ein besonders drängendes Thema in der Mode- und Lebensmittelindustrie. Bis 2030 könnte die Kreislaufwirtschaft weltweit bis zu 4,5 Billionen US-Dollar an wirtschaftlichen Vorteilen bringen und 92 Millionen Tonnen Textilien auf Deponien, 1,3 Milliarden Tonnen Lebensmittelabfälle und bei der Nahrungsmittelproduktion rund 170 Billionen Liter Wasser pro Jahr einsparen.
Wie können Sie etwas bewirken?
Anlagen aus der Perspektive der Nachhaltigkeit können dazu beitragen, langfristiges Wachstum voranzutreiben und Ihre Anlageportfolios auf Ihre Prinzipien abzustimmen. Beispielsweise können Investitionen in langfristige Trends in den Bereichen Bildung, Gesundheit und Umwelt starke Erträge erwirtschaften und gleichzeitig einen positiven Einfluss auf die Welt haben.
Insbesondere zeichnet sich in der Bildung eine technologische Revolution ab. Es gibt hier viel Raum für Wachstum – die digitale Durchdringung in der Branche nimmt rapide zu und befindet sich derzeit auf einem ähnlichen Niveau wie vor zehn Jahren in der E-Commerce-Branche. Die Umstellung auf Online-Lernen bietet Investoren die Möglichkeit, die Qualität und Kontinuität von Bildung auf der ganzen Welt zu verbessern. Darüber hinaus ist der Sektor eines der wichtigsten Zugpferde für Wirtschaftswachstum und Entwicklung.
Neben dem Fokus auf ESG-Integration und der Nutzung langfristiger Nachhaltigkeitstrends kommt es entscheidend auf die Managerauswahl an. Unser globales Team von mehr als 50 Due-Diligence-Experten evaluiert die Manager sowohl anhand von Nachhaltigkeits- als auch Performance-Kennzahlen. Unser Prozess beruht auf vier Säulen – Philosophie, Personal, Prozess und Performance – und wird durch Engagement- und Nachhaltigkeitsberichte ergänzt, die für nachhaltige Anlageverwalter einzigartig sind.
Wir können Ihnen helfen, verschiedene Möglichkeiten zu erkunden, um nachhaltig zu investieren, wie z. B. Ausschlussscreening und ESG-Integration sowie thematische Anlagen und wirkungsorientiertes Investieren („Impact Investing“). Diese Ansätze können sowohl über öffentliche Märkte (Aktien und festverzinsliche Wertpapiere) als auch über private Märkte (Private-Equity-Fonds) durchgeführt werden. Wir können Sie auch damit vertraut machen, wie ESG-Anlagen zu einem effizienteren und effektiveren Portfolio führen, das Sie nicht nur Ihren langfristigen Zielen näherbringt, sondern auch auf Ihre Prinzipien abgestimmt werden kann.
Eine nachhaltigere Zukunft schaffen
Bei J.P. Morgen Private Bank sind wir davon überzeugt, dass nachhaltige Kapitalanlagen sowohl langfristige Anlageerträge als auch eine positive Wirkung erzielen können. Bitte besprechen Sie mit Ihrem Berater weitere Informationen
1 Natural Capital Partners, Deeds not words, September 2019
2 IRENA, https://www.irena.org/newsroom/pressreleases/2020/Jun/Renewables-Increasingly-Beat-Even-Cheapest-Coal-Competitors-on-Cost
3 Bloomberg New Energy Finance, June 2019, New Energy Outlook 2019
4 www.ellenmacarthurfoundation.org/circular-economy/what-is-the-circular-economy