The Latest on ESG, Climate Finance and Responsible Investing in Ireland

Second National SIF Report – Survey commencing

Consultation beginning for Ireland’s second SIF Report

The gathering of information for the second SIF Ireland ESG State of Play report has begun as the Sustainable and Responsible Investment Forum (SIF) Ireland accelerates efforts to raise awareness of the environmental, social and governance agenda across all Irish-located asset classes.

The report will highlight key ESG drivers, measure Irish progress on advancing the agenda, identify barriers to continued growth and make a series of recommendations to support efforts to further integrate ESG across all Irish-located asset classes in the context of the EU Action Plan for Financing Sustainable Growth.

The report is an output of government’s ‘Ireland for Finance’ 2025 Strategy Action Plan 2019.

Overseen by a sub-group of the SIF Ireland Committee, report development is chaired by Irish Life Investment Managers with other members including representatives of Maples & Calder; KBI Global Investors; the Irish Association of Pension Funds; and the Irish Association of Asset Managers. Report development is supported by PwC.

Last year’s inaugural report provided the first detailed insight into investment activity by Irish-based asset managers. It consulted asset managers who collectively manage €77 billion worth of funds and found that responsible investing was increasingly central to best practice.

According to the inaugural report, 81 percent of asset managers surveyed had a formal responsible investing policy in place within their organisation while 50 percent said they operated a sustainability themed investment strategy and 25 percent said they had incorporated impact investment into their investment strategy.

“These results point to the fact that responsible investing is becoming a must-do for Irish-located asset managers,” Terence O’Rourke, SIF Ireland Chairman, said of the inaugural report. “We can now further tailor our efforts towards accelerating public policy and market engagement with this agenda.”

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