ESG
The ESG Phenomenon – Pictet Asset Management

The latest developments in the ESG space.
Pictet
Asset Management, the Swiss firm, announced last week that it
has been chosen as a founding partner for a new four-year global
research programme geared to help the financial industry develop
strategies to protect “natural capital” and halt biodiversity
loss.
The initiative, which will receive approximately €5 million
($5.28 million) in research funding from Mistra, the Swedish
Foundation for Strategic Environmental Research, will be overseen
by the Stockholm Resilience Centre (SRC) at Stockholm
University.
The Swiss asset manager said it is the only asset management
company in the Biodiversity Finance (BIOFIN) programme, chosen
for its track record in “innovative thinking” in sustainable
finance, according to a statement from the Geneva-based
firm.
As an “Impact Partner,” Pictet AM said its role is to
provide investment expertise and to contribute to
transdisciplinary research that can help bring about
nature-positive changes in the financial system.
“Biodiversity is an important issue in sustainable investment,
and we’re delighted to extend our relationship with the SRC and
work with consortium partners to advance our collective knowledge
on interactions between biodiversity and investments,” Sebastien
Eisinger, managing partner Pictet Group, said. “Creating a
sustainable world requires transformative change and finance is a
key part of that change. To the transformation of finance, we
plan to work to ensure that the mainstream of finance better
addresses the complexity of the living, while also exploring the
margins of finance to identify alternative ways of connecting
finance and the living world.”