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Insights 56

Fact Findings zur aktuellen Situation bei Natural Capital Managern

Institutionelle Investoren optimieren die Rendite-Risiko-Relation und steigern das Nachhaltigkeitsniveau ihrer Portfolios

Published on 2025-11-19 investESG
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Reports 46

ESG Shareholder Resolutions: Signal Failure?

Sharp drop in the number of significant resolutions means investor views are much harder to interpret.

Organisations 61

Anthos Fund & Asset Management

We are Anthos Fund & Asset Management (Anthos), established almost 100 years ago. It is our mission to provide comprehensive values-based asset management and investment advisory services to select, like-minded clients, implemented across various asset classes.

Amova Asset Management Europe Ltd.

Headquartered in Japan with global presence, Amova Asset Management is a leading asset manager and progressive investment solutions provider, driven by the promise to help you progress towards your goals.

CFA Society Germany

Mit über 2.900 Mitgliedern ist die CFA Society Germany der größte Berufsverband für Investmentprofis in Deutschland. Als Teil des globalen CFA Institute setzt sich der Verband für höchste Standards in Kapitalmärkten, Unternehmensberichterstattung und ethischem Handeln ein.

e-funddata.com

Founded in 2000 by Albert Reiter, CFA, e-funddata.com has consistently provided innovative digital solutions for the investment industry, adapting to meet evolving demands. The journey began with e-fundresearch.com, now managed by Simon Weiler and his team, a leading fund information resource for institutional and wholesale fund selectors in the D/A/CH region.

ET.Group

We have been working on ESG since 2011. We are the first Italian ESG Knowledge Company. We develop specialized and vertical information, research and consulting on business sustainability, from a dual perspective: business and finance.

Franklin Templeton Institute

Our mission is to provide our clients with research that meets their needs and concerns. We do this by listening, understanding, and then harnessing the resources of our firm to answer the challenge. We organize around areas of exploration to develop distinct insights and their practical applications.

G4B - Go4Balance

Die Welt der nachhaltigen Anlagen ist komplex – wir vereinfachen sie für Sie! In den letzten Jahren wurde das Thema verwässert und der Durchblick im Bereich Rating, Reporting und Methoden wird immer schwieriger. Mit unserer Plattform erhalten Sie die Möglichkeit, Ihre Anlagen unabhängig zu analysieren, zu vergleichen und zu optimieren. Dank unserer ausgeklügelten Analysemethodik, basierend auf hochwertigen Daten, erhalten Sie eine transparente Grundlage für Ihre Anlageentscheidung in Bezug auf Nachhaltigkeit.

investRFP.com – Asset Manager & Fund Selection

investRFP is a leading digital platform used by asset owners, asset managers, and consultants to support RFPs, RFIs, and due diligence processes. The platform helps teams stay informed, collaborate efficiently, and make data-driven decisions. Key benefits include: ▪ Timely Alerts ▪ Efficient Collaboration ▪ Advanced Analytics ▪ Transparent Workflow Discover how investRFP.com keeps your team informed and in control throughout the selection process.

SQUAD Green

SQUAD Fonds steht für spezialisierte Fondsboutiquen, die in kleinen Teams Aktien- und Mischfonds beraten. Aktuell befinden sich acht verschiedene Fonds, mit einem Fondsvolumen von insgesamt über 1,2 Mrd. Euro, auf der gemeinsamen Fondsplattform.

EFFAS - The European Federation of Financial Analysts Societies

EFFAS’ mission is to lead investment professionals in the development of their profession aligned with the EFFAS Code of Conduct so they have a positive social impact.

Capital Group

We identify investment opportunities through deep research and analysis, through partnership between investment professionals and the ESG team. Analysing material risks and opportunities (including those that relate to ESG topics) is a crucial aspect of how we assess an issuer's long-term potential to generate value.

DPAM

Investment services designed for you with an active, sustainable, and research-based focus. We aim for long-term outperformance for the benefit of both investors and society.

Federated Hermes

As a global leader in active, responsible investment management, Federated Hermes delivers investment solutions to help investors target a broad range of outcomes.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

As the asset manager of Munich Re, MEAG focuses on long-term value-managed investments and integrates ESG aspects into investment analysis and decision-making with three main objectives: First, manage financial risks and opportunities related to ESG. Second, the consideration of principal adverse environmental and social impacts of MEAG’s investments. Third, support sustainability-related objectives of MEAG or its clients. To achieve these, MEAG applies, inter alia, investment-specific ESG analysis, exclusion criteria and active ownership. As signatory of the Principles for Responsible Investment, MEAG regularly discloses on its ESG approach.

Ropes & Gray LLP

In 15 offices on three continents, more than 1,500 Ropes & Gray lawyers and legal professionals work in close collaboration to achieve clients’ goals. We make deals, resolve disputes, seize opportunities, break new legal ground—whatever it takes. It’s all part of our commitment to deliver the sheer excellence in service and results that clients have come to expect from Ropes & Gray.

Gutmann - Bank Gutmann AG

Gutmann ist ein unabhängiges Familienunternehmen - seit 1922, mit Blick nach vorn. Als Marktführer in Österreich sind wir spezialisiert auf Vermögensverwaltung und Anlageberatung, ab einem Veranlagungsvolumen von 500.000 Euro. Unsere Lösungen sind persönlich, langfristig und durchdacht - für Menschen, die jetzt Verantwortung übernehmen wollen. Denn: Zeit für eine gute Privatbank ist nicht irgendwann. Sondern jetzt. Unsere eigene Kapitalanlagegesellschaft entwickelt Fonds, die genauso individuell sind wie unsere Beratung: von Publikumsfonds bis hin zu Spezialfonds.

Aberdeen Investments

Aberdeen’s sustainable investing approach, refined since 1992, blends environmental, social and governance (ESG) factors with traditional financial analysis and ensures embedded ESG expertise across regions and asset classes. We have developed a proprietary toolkit including ESG house scores, climate‑scenario analysis, maturity scale alignment and climate-led engagement. Our proprietary tools combine bottom-up research and insights, with top-down frameworks and complements third‑party data. Active ownership practices, including engagement and voting, aim to enhance portfolio value and drive sustainability outcomes.

ASN Impact Investors

ASN Impact Investors is a leading impact asset manager specialized in sustainable and impact investing. The company has been a frontrunner in the sustainable investing industry since its inception in 1993. The corporate mission is to support the creation of a sustainable, fair society through its investments. ASN Impact Investors invests exclusively in financially sound companies, governments, green bonds, microfinance institutions, funds and projects that contribute to a fair and sustainable society. Our product offering comprises listed equity (global and thematic), fixed income and renewable energy infra structure equity en debt.

AXA Investment Managers

At AXA IM, our purpose is to act for human progress by investing for what matters. Responsible allocation and oversight of capital is therefore a key pillar of our corporate purpose. By considering sustainability factors throughout the investment process, we aim to create sustainable investment outcomes for our clients, which would in turn lead to broader societal and economic benefits over the long-term.

Blue Orchard

BlueOrchard – empowering people, protecting our planet. We truly believe in profit with purpose. Our goal is to create lasting positive impact for underserved communities and the environment, while providing attractive returns for our investors by connecting them with millions of entrepreneurs. Our global team includes highly experienced professionals from all different cultures, nationalities, and educational fields, combining their skillsets while working across offices together. What unites them? A shared belief in the real difference impact investing can make.

Carmignac Gestion

At Carmignac, our purpose is to empower investors to achieve long-term value while driving positive change. As an independent, conviction-driven asset manager, we believe that responsible capital allocation is essential to building sustainable growth. Through the systematic integration of ESG factors via our proprietary START system, we aim to generate lasting returns for our clients and contribute to a more sustainable economy and society.

Coronation Fund Managers

Coronation’s stewardship philosophy reflects our commitment to delivering superior long-term returns. Believing that sustainable businesses create enduring value, we have integrated ESG considerations into research and decision-making for over two decades. Analysts embed material ESG insights into valuations and lead company engagements. Our South African heritage and early adoption of the UN PRI and CRISA underpin an approach that treats ESG as both fiduciary responsibility and investment advantage, supported by a seasoned research team and Sustainability Committee oversight.

e-fundresearch.com AG

Unabhängiger Informationsanbieter zu Investmentfonds - Fachkonferenzen, Webinare und Interviews zum Thema Fondsselektion und institutionelle Kapitalanlage.

EBG Investment Solutions

EBG Investment Solutions, Ltd. is a specialist CIO office and regulated asset manager for investing in the Sustainability Transformation. We are focused on the SME segment within private markets, which is particularly attractive from an investment and impact perspective. EBG provides customized one-stop-shop solutions to institutional asset owners and families which address their individual needs and enable them to invest globally with manageable risk and in a fully transparent manner, while concurrently achieving substantial impact.

FCLT Global

FCLTGlobal’s mission is to focus capital on the long term to support a sustainable and prosperous economy. We are a non-profit organization whose members are leading companies and investors worldwide that develops actionable research and tools to drive long-term value creation for savers and communities.

Fisher Investments

Fisher Investments (FI) has managed accounts with environmental, social and governance (ESG) and responsible-investing guidelines for over three decades. FI offers a range of ESG strategies, including those aligned with UN Sustainable Development Goals. FI integrates financially material ESG factors throughout the investment and portfolio construction process and is an active owner by voting proxies and conducting direct corporate engagements. FI’s flexible investment process and experience managing ESG/Socially Responsible Investment (SRI) mandates allows for the incorporation or diverse, custom ESG criteria where desired.

FNG-Siegel

Das FNG-Siegel ist der SRI-Qualitätsstandard auf dem deutschsprachigen Finanzmarkt. Es kam 2015 nach einem dreijährigen Entwicklungsprozess unter Einbezug maßgeblicher Stakeholder auf den Markt. Die damit einhergehende Nachhaltigkeits-Zertifizierung muss jährlich erneuert werden.

INVL Asset Management

INVL Asset Management is the leading Baltic alternative asset manager, part of the Invalda INVL Group. Our group manages or have under supervision EUR 2 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.

KBI Global Investors

Providing investment solutions through specialisation and innovation. Highly differentiated investment strategies delivering consistent patterns of performance and risk. Institutional Asset Management Boutique, Founded in 1980 in Dublin, Ireland. Global client base with mandates in North America, Asia and Europe – from San Francisco to Seoul, and from Sydney to the Shetland Islands.

KKR & Co. Inc.

KKR & Co. Inc. is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. We have a deep commitment to our clients and portfolio companies and believe in shared success. KKR sponsors investment vehicles that invest in private equity, credit, and real assets and has strategic partners that manage hedge funds. Our insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group LLC and its subsidiaries (Global Atlantic).

Lombard Odier

Lombard Odier Investment Managers (LOIM) ist ein aktiver Fondsmanager und in Europa, Asien und Nordamerika tätig. Wir streben nachhaltige Wertschöpfung für unsere Kundinnen und Kunden an. Dazu beurteilen wir die Welt um uns herum ständig neu, um innovative Anlagelösungen bereitzustellen. Unsere 180 Anlageexpertinnen und -experten verwalten ein Vermögen von USD 77 Mrd.1 in einer Reihe von spezialisierten aktiven Strategien. Wir investieren in Aktien, Anleihen, Wandelanleihen, Hedgefondsund Private Markets sowie in Multi-Asset-Lösungen. Das Thema Geldanlage neu zu denken bedeutet für uns, kontinuierlich zu evaluieren und zu verbessern, was wir tun. Wir arbeiten stets daran, Anlageansätze zu optimieren und differenzierte Strategien anzubieten.

Lucerne School of Business - Institute of Financial Services Zug IFZ

Creating knowledge - shaping the future. Closer to people, the economy and society: Central Switzerland's competence center for management, banking and finance, communication and marketing, regional economics, tourism and mobility.

Manulife Asset Management

Helping investors realize the possibilities At Manulife Investment Management, we’re passionate about partnering with our institutional clients to create investment solutions. We offer leading capabilities across the world’s public and private markets to help clients build a better tomorrow.

Muzinich

For over 30 years, our research-driven approach to corporate credit has addressed issues posing economic risks to investors, inherently considering ESG factors—especially governance. Our risk-based ESG integration became formalized in 2011 with data from Sustainalytics and has since strongly evolved. We strengthened ESG governance with our 2019 ESG Policies and Procedures, and in 2023 introduced a proprietary ESG scoring methodology to assess how issuers manage ESG and climate risks versus peers globally.

Reichmuth & Co Investment Management

Reichmuth Infrastructure, established in 2012 as a pan-European infrastructure asset manager has a dedicated investment focus on clean infrastructure investments in Europe in the realm of energy, transportation and circular economy. Reichmuth Infrastructure offers institutional investors access to sustainable and responsible investment solutions, providing an active contribution towards the energy transition and decarbonization. Currently, Reichmuth Infrastructure manages EUR 2.4 billion through four diversified investment funds, segregated mandates and single investment vehicles. The interdisciplinary team consists of 30 employees.

SAIL Investments - SAIL Investments

SAIL Investments transitions its borrower as well as its associated supply chain to a sustainable business model, safeguarding Natural Capital Asset resources and thus benefitting the investee's market position and its business model's resilience. Consequently, SAIL's investors benefit from predominantly senior secured, covenant heavy (incl. sustainability maintenance covenants) credit and relative value through attractive risk-adjusted financial returns. At the same time SAIL, in terms of climate and nature benefits, generates high impact and sustainabilty multiples for every USD invested, hard to find elsewhere.

SWEN Capital Partners

SWEN Capital Partners’s investment approach reflects our deep and sustained ambition to drive change for our society. We have integrated sustainability issues and impact objectives into the core of our strategy. All our strategic and operational decisions are governed by this guiding principle: to invest responsibly, based on objective criteria and rigorous analyses, leveraging more than 10 years of experience in ESG practices and five years of expertise in impact investing.

T&D Asset Management

As an investment management company, we place the highest priority on the long-term interests of our clients. We believe that environmental, social, and governance (ESG) considerations in our investments are essential to improving performance. Therefore, we incorporate ESG factors into our investment process to ensure responsible investment. We recognize that by promoting responsible investment, we can contribute to the realization of a sustainable society. This is in line with the concept of "Invest to Help Build a Sustainable Society" which is one of the sustainability priority themes of T&D Insurance Group.

United Bankers

United Bankers – Your Nordic Partner in Alternative Investments. As a leading Nordic manager in real asset investments, we are committed to conducting our business in a sustainable way that mitigates climate change and delivers performance for our clients.

Viresco Group

The gateway to investment for Food and Agriculture. Unlike other investment and advisory firms, our expertise doesn’t stop us from doing business as people. We prioritise relationships over fees and take your success as seriously as if it were our own. We are an elite team of investment and advisory specialists who believe none of us have time to waste. We bring value from the beginning and to ensure your success we make a promise to always operate with radical candor and zero fluff. Real Talk. Real Value. Real Success

Candriam

Candriam stands for Conviction AND Responsibility in Asset Management. At the heart of our actions resides the strong belief that sustainability should act as a means as well as an ends to what we undertake as an asset manager. For the past 25 years, we have therefore endeavoured to unlock the potential of ESG research to deliver investment strategies with solid return/risk profiles, whilst at the same time addressing some of the world’s most acute sustainability challenges.

ESG Portfolio Management

We invest in companies with very good ESG qualities, companies with a positive impact on the Sustainable Development Goals and companies that continue to significantly reduce their emissions We engage with these companies to make them even better.

Janus Henderson Investors

At Janus Henderson Investors, we are committed to investing in a brighter future together. Our three-pronged approach to Responsibility includes Corporate Responsibility, ESG Integration, and our JHI Brighter Future Funds. We believe integrating financially material ESG factors into our investment strategies is crucial for making informed decisions and fulfilling our fiduciary duty to clients. For those clients who want to invest for a purpose beyond risk and return, we have our suite of JHI Brighter Future Funds, our ESG-focused strategies that go above and beyond integration to have ESG considerations at their core.

Metzler Asset Management

Nachhaltigkeit bedeutet für die Metzler Asset Management GmbH ein klares Bekenntnis zu langfristig tragfähigen Konzepten – bei Produkten, Dienstleistungen und in der dauerhaften Begleitung unserer Kunden. ESG ist eine Top-Management-Aufgabe und in der Geschäftsstrategie fest verankert. Das Sustainable Investment Office berichtet direkt an den CIO und Geschäftsführer Oliver Schmidt. Parallel zu rein finanziellen Kriterien berücksichtigen wir in unseren Investmentprozessen ESG-Kriterien. Eine breitere Datenbasis soll die Unternehmensauswahl verbessern und damit das Rendite-Risiko-Profil* der Portfolios. *Nicht garantiert oder gewährleistet

Natixis Investment Managers

Diverse solutions. One purpose. Yours. Everyone has unique investment objectives. No matter your approach, we can help. Drawing on the diverse expertise and perspectives of more than 15 experienced active investment managers we deliver a wide range of solutions across asset classes, styles and vehicles all designed with one end goal in mind - yours.

Erste Asset Management

Erste Asset Management GmbH (Erste AM) is an international asset manager with a strong position in Central and Eastern Europe. Erste Asset Management is backed by the financial strength of Erste Group Bank AG (Erste Group).

Ardian

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,860 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs.

Argyle Group

Argyle provides equity capital to responsibly advance Australia’s food and fibre production sector by investing in water rights (‘water entitlements’) on behalf of institutional and sophisticated investors.

Aviva Investors

Delivering the outcomes that matter most to you. With an approach rooted in the principles of collaboration, responsible action, and commitment, we design solutions that last.

Fiera Capital

Fiera Capital Corporation is an independent asset management firm with a growing global presence and approximately C$160.5 billion in AUM as at June 30, 2025. We deliver customized multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia. We strive to be at the forefront of investment-management science and we are passionate about creating sustainable wealth for clients.

Foresight Group

Beyond capital, we are investing to power change. Connecting investors to future-looking sectors and asset classes across public and private markets.

UI - Universal-Investement

Your fund service partner and Super ManCo. Put your trust in us, one of Europe's leading fund service platforms and Super ManCos. Take advantage of our pioneering solutions based on more than 55 years’ experience in the industry.

BNP Paribas Asset Management

Investing with sustainability in mind: BNP Paribas Asset Management is a global asset manager committed to delivering lasting, sustainable value in a changing world.​ Our unique combination of in-depth investment capabilities and sustainability expertise enables us to offer a comprehensive range of strategies that cover a wide selection of asset classes and sustainability preferences.​ Together, these strategies provide a flexible range of solutions designed to help you achieve your specific investment goals.