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SSF Newsletter March 2021
 
Strong together
 
Dear all
 

Women have shaped the sustainable finance sphere since the beginning, and issues such as Board diversity and equal treatment of employees are a key element of many ESG evaluations. Yet, in order to create a truly inclusive economy and society, there is still a considerable amount of work to be done, seeing that women remain underrepresented in key positions, were disproportionally hit by the pandemic-related job loss, and the gender pay gap persists.

We are thererfore particularly happy that we saw the financial sector ramp up its commitment on gender diversity and inclusion on international women’s day on March 8th. The Gender Lens Initiative for Switzerland (GLIS) was launched by SSF members SFG and AlphaMundi, alongside other partners, with the aim to unlock more gender-smart capital, further gender lens investment products and increase the gender balance of financial institutions.

SSF is convinced that a diverse and inclusive finance industry will positively affect other sustainability targets too, and looks forward to upcoming work in this field.

 

Kind regards,
Sabine Döbeli
CEO, Swiss Sustainable Finance (SSF)

 
 
 
 
 
 
Newsletter content
 

SSF activities at a glance

Regulatory and market news

New members joining SSF

Join these events

SSF and sustainable finance in the media

New reports & studies

 
 
 
 
SSF activities at a glance
 
SSF political dialogue
 
 
 
 

SSF responded to the Swiss government’s consultation on its Sustainable Development Strategy and also provided input to SIF on questions surrounding possible adjustments to financial market law in the field of sustainable finance. 

More >
 
 
 
 
Building Bridges week
 

SSF is a strategic partner of the Building Bridges Week and Summit taking place in November. The Building Bridges Community website is now online and organisations running events or initiatives that align with the Building Bridges vision and values can apply to be included in the Community website and events calendar.

 
 
 
 
 
 

> Read more about these and other SSF activities

 
 
 
 
Regulatory and market news
 
 

Swiss news

  • On International Women’s Day on March 8, Sustainable Finance Geneva (SFG), on initiative by AlphaMundi and the GenderSmart Investing Summit, launched the Gender Lens Initiative for Switzerland (GLIS), with the aim to strengthen the Swiss contribution to SDG 5 on gender equality.
  • A new study by the Swiss Climate Alliance contends that the assets of average Swiss pension schemes could shrink by 10% in 15 years purely as a result of climate change. The study, designed as a "worst case" scenario, is based on the TCFD approach and data by Carbon Delta.

International developments

  • On March 10 2021, the Sustainable Finance Disclosure Regulation (SFDR) came into force in the European Union, requiring the publication of extensive information on the integration of sustainability risks and its effect on performance, alongside other information.
  • The European Securities and Markets Authority (ESMA), published its Final Report with advice on the KPIs and definitions that should be used for non-financial companies to provide information on how their activities qualify as environmentally sustainable under the Taxonomy Regulation, as well as KPIs for asset managers.

Market trends

  • Swiss Re has concretised its climate targets and announced that it aims to reduce the carbon intensity of its corporate bond and equity portfolio by 35%, and phase out the provision of coal insurance to OECD states by 2030 and the rest of the world by 2040. It also stepped up its internal carbon levy to $100 per tonne.
 
 
 
New members and network partners
 
 

We are very happy to welcome the following organisations to our network:

The full list of our members and network partners, now standing at 170, can be found on the SSF website.

 
 
 
Join these events
 
 

SSF events:

  • Save the Date: 7 June 2021, SSF Swiss Sustainable Investment Market Study Launch Event, online. More information soon on SSF website.
  • Save the Date: 22 June 2021, SSF Members’ Assembly & Annual Event
  • Save the date: 29 November 2021, Building Bridges, Geneva

SSF is an official partner of the following events:

Other activities & opportunities:

For an academic workshop on sustainable finance, held on September 23rd 2021 by the University of Liechtenstein, the organisers are calling for papers, to be submitted by 1st June.

 
 
 
SSF and sustainable finance in the media
 
 

> Visit our website for more articles and regular updates

 
 
 
New studies & reports
 
 

This practical guide "Turning the Tide: How to Finance a Sustainable Ocean Recovery" by UNEP FI aims to support financial institutions in pivoting their activities towards financing a sustainable blue economy. It outlines how to avoid and mitigate environmental and social risks and impacts, as well as highlighting opportunities, when providing capital to companies or projects within the blue economy.

 
 
 

This "Study on sustainability-related ratings, data and research" by the European Commission describes the state of the play of sustainability-related data, ratings and research in the EU, establishing an inventory of market actors and sustainability products and services available. It also explores how the reliability and quality of such data, ratings and research can be enhanced.

 
 

In their recent study "Cheap Talk and Cherry-Picking: What ClimateBert has to say on Corporate Climate Risk Disclosures", researchers from ETH Zurich and the University of Zurich examined whether voluntary disclosures based on TCFD lead to more effective measure for climate risk management. Based on a deep neural language model, they find that firms primarily report on non-material climate risk information.

 
 
 

This report "Gender & Climate Investment: A strategy for unlocking a sustainable future" by GenderSmart highlights five foundational reasons for gender and climate investing. This report showcases how gender and climate lens investment strategies can be applied through three deep-dive sectoral analyses in energy, agriculture and infrastructure.

 

> Find these and other reports in our Digital Library on Sustainable Finance

 
 
 

Interested in joining our network of members and partners?  > Learn more

 
 
 
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