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.
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J.P. Morgan.
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Sustainable Investment. Summit & Roundtable Series 2020.
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A man with short hair and wearing a business suit, Oliver Gregson.
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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.
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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.
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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.
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Jessica Matthews, Global Head of Sustainable Investing, J.P. Morgan Private Bank.
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A man with silver hair and glasses, Sir Ronald Cohen, speaks remotely from an office.
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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."
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Climate.
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A man with glasses and headphones speaks remotely from a room with bookshelves.
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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.
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(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.
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A man with brown hair participates in the 2020 Summit, Nicolas Aguzin, speaks remotely.
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Nicolas Aguzin. Chief Executive Officer, International Private Bank, J.P. Morgan.
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A man with salt-and-pepper hair, Mark Carney, speaks remotely from his home.
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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.
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One quarter of global Fortune 500 companies have adopted carbon neutral targets, or will by 2030.
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Source: Natural Capital Partners Deeds Not Words - The Growth of Climate Action in The Corporate World September 2019.
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A New Wave of Clean Energy.
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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.
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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.
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There isn't a trade-off between creating impact and achieving an attractive financial return.
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A multiple split-screen shows close-ups of dozens of diverse individuals.
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Diversity: Will There Be Change?
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A woman with dark hair and brown eyes, Tiffany Lewis, participates in the Summit remotely.
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Tiffany Lewis, Executive Director, J.P. Morgan Asset Management.
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A man who keeps his head shaved and wears his beard in a goatee, Daryn Dodson, speaks remotely.
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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.
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65% of investors say gender diversity is important in manager selection. But only 25% actually ask about diversity during investment selection.
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Source: Harvard Business Review Institutional Investors Must Help Close the Race and Gender Gaps in Venture Capital August 2020.
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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.
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Source: Accenture's 2015 book "Waste to Wealth."
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ESG and Sustainability: The New Normal?
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A woman with short black hair and gray blazer, Jennifer Wu, speaks remotely.
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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.
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Impact Investing: Fact or Fiction?
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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.
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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.
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Portfolio Implementation: How Do I Do It?
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A man with light hair and headphones, Lance Schiff, speaks remotely.
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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.
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Measuring ESG and Impact: Are There Tips and Tactics?
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A man with short reddish-brown hair, Ben Thornley, speaks remotely from his home.
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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.
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"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.
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J.P.Morgan Private Bank.
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Legal disclosures appear.
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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
