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SSF Newsletter June 2021
 
Passing the Baton
 
Dear all
 

Our members elected Patrick Odier, Senior Managing Partner of Lombard Odier, as the new SSF president at the SSF Members’ Assembly this Tuesday– Congratulations! We would like to thank Jean-Daniel Gerber, who retired as president after six years in office, for his personal commitment and attentive stewardship. Under his guidance, SSF became what it is; a highly regarded and credible voice in all aspects of sustainable finance. We equally welcome Patrick Odier and look forward to his support when addressing the many topics on our agenda, transparency being just the beginning.

Reports such as a recent Greenpeace study, questioning the positive effect of sustainable investments, increase the pressure on financial players to demonstrate the impact of their solutions. Against this backdrop, the SSF reporting recommendations for portfolios published this week are a timely contribution to the current debate on building investor trust. We probably all agree that following the rejection of the revised Swiss CO2-law in a popular vote from mid-June, the financial sector cannot delay measures and instead has to increase action on a voluntary basis. Providing ESG transparency is a first important step.

 

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
 
 
New SSF president
 
 
 
 

The SSF Members' Assembly elected Patrick Odier as the new President of SSF, succeeding Jean-Daniel Gerber, who steps down after serving the maximum number of terms. We thank Jean-Daniel Gerber for his valued support and welcome Patrick Odier!

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Swiss Sustainable Investment Market Study 2021
 

On the 7th of June, SSF published the Swiss Sustainable Investment Market Study, which showed that volumes of sustainable investments grew once more, totalling CHF 1’502.2 billion.

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SSF Market Study Launch Webinar
 
 
 
 

The SSF Market Study 2021 was launched with a webinar to an audience of over 350 viewers. Alongside the SSF team, Prof. Timo Busch, Co-Author of the study and Victor von Hoorn, Executive Director Eurosif, also reflected on the results of this year’s study.

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SSF Annual Conference 2021
 

At its Annual Conference 2021, broadcasted live from the Kursaal in Bern, SSF hosted a discussion on how best to provide the transparency needed for sustainable financial decisions, with inspiring keynote speakers and a high-level panel. A recording and summary of the event are available online.

More >
 
 
 
 
 
 
 
Reporting Recommendations published
 
 
 
 

The new SSF Reporting Recommendations on Portfolio ESG Transparency were unveiled at the Annual Conference 2021. The recommendations feature concrete guidelines on how to promote transparency and document ESG progress at the portfolio level– a first for the Swiss financial centre.

More >
 
 
 
 

> Read more about these and other SSF activities

 
 
 
 
Regulatory and market news
 
 

Swiss news

  • On 13 June, Swiss voters rejected the revised CO2 Act, which represents a significant and surprising setback for Switzerland on the path to reach its climate targets.

  • Swiss financial market supervisor FINMA amended two of its circulars on disclosure and now requires large banks and insurance companies to provide qualitative and quantitative information on climate risks.

  • The Federal Council has officially adopted the Sustainable Development Strategy 2030, which also outlines objectives regarding sustainability and the financial market (see chapter 5.3).

  • Late May, WWF Switzerland published the 2nd edition of its Retail Bank Rating, assessing the 15 largest retail banks in Switzerland. According to the results, half of Switzerland’s largest retail banks demonstrate “good practice” in integrating environmental objectives, but none can be described as “visionaries” or “pioneers”.

International developments

Market trends

  • During this year’s AGM season, multiple large oil companies faced investor action on climate change. Most notably, activist investors succeeded in installing multiple “climate-competent” members to the Board of Exxon.

  • In a landmark ruling, a Dutch court ordered Shell to slash its greenhouse gas emissions by 45% by 2030 compared with 2019 levels.
 
 
 
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 179, can be found on the SSF website.

 
 
 
Join these events
 
 

SSF events:

Other sustainable finance events:

 
 
 
SSF and sustainable finance in the media
 
 

> Visit our website for more articles and regular updates

 
 
 
New studies & reports
 
 
Sustainability Funds Hardly Direct Capital Towards Sustainability
 

On behalf of Greenpeace, INFRAS and Inrate analysed 51 sustainability funds licensed in Switzerland and Luxembourg to examine whether sustainable investments have a positive capital allocation effect. The results showed that so far, these investments hardly succeeded in steering significantly more capital towards a sustainable economy than conventional funds.

More >
 
 
 
Climate Change: Substantial Risks for Swiss Pension Funds
 

This paper, available in German and French, examines climate risks for Swiss pension schemes, covering reputational and regulatory risks, disruptive technology, stranded assets, and physical climate risks. The authors come to the conclusion that although there are various means to manage these risks, a regulatory framework is necessary to supervise and encourage sustainable and responsible investments.

More >
 
 
Overview and Recommendations for Sustainable Finance Taxonomies
 

This report by the International Capital Markets Association (ICMS) provides an international overview of both official and market-based taxonomies.

More >
 
 
 
The Changing Climate for Private Equity
 

The “Changing Climate for Private Equity” report, a joint project between the SustainAbility Institute by ERM and Ceres, seeks to understand how climate-related expertise is embedded within private equity firms and explore what climate performance expectations they impose on the companies in which they invest.

More >
 

> 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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