Sustainable investment: key to economic recovery
Representatives of banks, insurers, business schools, among others, agreed that the way to overcome the current situation is through good measures regarding investment and other aspects
The investment that integrates environmental, social and governance criteria will become especially relevant in the economic recovery after the Covid-19 pandemic, according to the conclusions of the ninth edition of the ISR 2020 Week organized by Spainsif, the Spanish Forum for Sustainable Investment .
Representatives of banks, insurers, managers, business schools, non-profit organizations and unions, among others, participated in the program, who have focused on the transparency and quality of ISR information, its evolution in Latin America, regulatory advances, its link with the Sustainable Development Goals (SDGs), the evolution of pension plans and the reinvention of impact investment.
Spainsif President Joaquín Garralda was optimistic about the development of the investment, after a decade of evolution. “Now you need to move towards a period of maturity, which will be driven by metrics and analysis, European regulation, institutional investment and the need to contribute from companies to minimize the impact that Covid-19 is having on society” he explained.
Thus, according to Isabel Reuss, from Allianz Global Investor, the Covid-19 pandemic offers “an opportunity to change towards a more sustainable world and to promote investment according to ESG criteria, in which the social leg is going to gain relevance not to leave anyone behind. “
In this line, the President of Fonditel, Teresa Casla, assured that the current situation promoted the three strands of sustainable investment. “The environmental, for the promotion of sustainability, for example, with the Green Deal of the EU; the social, for the commitment to society and essential services, such as health services, and the governance, for the commitment in the maintenance of jobs and suspension of remuneration or dividends, “he said.
Among the conclusions of the program, the complementary pension plans of companies were also cited as an opportunity to promote sustainable investment to finance the SDGs and impact investment, and it was highlighted that public administrations must promote sustainable investment, good governance and ethics so that they are implemented in the private sector.
K. Tovar
Source: dpa
