Connect with us

Europe

Southern Asset Management Won Two Awards: “ESG Incorporation Initiative of the Year” and “Emerging Markets Initiative of the Year”

News Agencies

Published

on

Southern Asset Management won two awards: “ESG incorporation initiative of the year” and “Emerging markets initiative of the year”. China Mutual Fund Company won the PRI Award for the first time.

New York, New York–(Newsfile Corp. – December 5, 2022) – On December 1st, the United Nations-supported Principles for Responsible Investment (PRI)announced the list of the 2022 PRI Award. As the only representative of Chinese-funded institutions, Southern Asset Management’s “Facilitating Climate Transition – Application of carbon emissions database” project won two awards: “ESG incorporation initiative of the year” and “Emerging markets initiative of the year”. This is also the first time that China Mutual Fund Company won the PRI Award.

It is understood that the United Nations-supported Principles for Responsible Investment (PRI) is one of the most authoritative ESG organizations in the world. There are over 5,000 signatories, including leading asset owners, asset management institutions, and service providers worldwide, with total assets under management of over 120 trillion USD (data source: PRI official website). PRI Awards are divided into five categories, including ESG incorporation initiative of the year, ESG research innovation of the year, Stewardship initiative of the year, Real-world impact of the year and Emerging markets initiative of the year. The global ESG expert jury selects the participating projects, and each category selects one award, totaling five awards.

With the blessing of China’s “double-carbon” goal, the establishment of domestic ESG scientific investment system has ushered in a period of rapid development, and ESG investment are increasingly becoming hot topic in the Chinese investments field. As an important participant in the capital market, of the mutual fund has also actively participated in ESG investment. As one of the leading asset management institutions in China, Southern Asset Management has actively participated and engaged in ESG investment for many years. Southern Asset Management officially became a signatory of PRI as early as 2018, adhered to the six principles of PRI, and continuously promoted ESG R&D and investment. The project “Facilitating climate transition – Application of carbon emissions database” won two awards: 2022 PRI Awards-ESG incorporation initiative of the year and Emerging markets initiative of the year, which not only fully affirmed Southern Asset Management’s practice of ESG investment, but also was an important symbol of China’s ESG investment being recognized on the international stage.

Advertisement

In recent years, the Chinese capital market has paid more attention to ESG, and climate change has become one of the top issues in ESG field. In this context, Southern Asset Management attaches great importance to incorporating climate data into its equity portfolio to identify risks and opportunities related to climate change and has established a carbon emission database to dynamically manage its portfolio climate risk exposure.

Southern Asset Management Carbon Emission Database, as a dynamic adjustment tool, can effectively track the progress of carbon emission reduction of enterprises, and provide more comprehensive and practical information for the follow-up qualitative analysis and active research of investment research teams, so as to optimize investment strategies and gradually realize decarbonization and emission reduction of investment portfolios.

Advertisement

Southern Asset Management will further promote invested enterprises to improve climate information disclosure by participating in corporate governance, and help enterprises to effectively assess and respond to the risks brought by climate change. It will also continue to improve climate-related databases and enhance the resilience of investment portfolios to climate change.

Company Name: China Southern Asset Management
Contact Person: Si Chen
Email: chensi@southernfund.com
Website: http://www.southernfund.com/en/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146742

Advertisement
Continue Reading
Advertisement

Advertisement

Breaking News

Editor Pick’s

Latest Entertainment

Entertainment4 hours ago

Stephen Dorff slams ‘garbage’ superhero movies, Marvel’s ‘Blade’ reboot: ‘We already did it and made it the best’

Stephen Dorff attends the premiere of his movie “Divinity” on Jan. 21 at the 2023 Sundance Film Festival in Park...

Entertainment5 hours ago

Yoshiki, glam-rocker responsible for ‘changing Japan’s culture,’ eyes U.S. stardom with supergroup the Last Rockstars: ‘It’s kind of cool to break some kind of boundary again’

When Japanese musician/composer/producer Yoshiki founded seminal glam-metal band X Japan back in 1982, pounding the drums in kabuki-esque facepaint, peroxide-blond...

Entertainment7 hours ago

Britney Spears asks fans to respect her privacy after police welfare check: ‘Things went a little too far’

Britney Spears says things went “too far” after fans called police to her home. (Photo: FilmMagic) Britney Spears broke her...

Entertainment8 hours ago

Camila Mendes details struggles with eating disorder: ‘I was really afraid of eating carbs’

Camila Mendes opens up about recovering from an eating disorder. (Photo: Frazer Harrison/Getty Images) Camila Mendes is opening up about...

Entertainment9 hours ago

Amy Robach and T.J. Holmes mediating with ABC amid suspension: ‘It’s all a huge mess,’ says source

T.J. Holmes and Amy Robach’s fate at GMA3 unclear as the two begin a mediation with ABC. (Photo: Getty Images)...

Entertainment12 hours ago

‘Shazam 2’ Trailer Highlights the Villainous Daughters of Atlas

A new Shazam! Fury of the Gods trailer has been released, giving fans a closer look at the upcoming DC...

Entertainment12 hours ago

Salma Hayek’s see-through dress leaves Channing Tatum speechless: ‘I have no comment’

Salma Hayek stuns in a see-through dress at the premiere for Magic Mike’s Last Dance. (Photo: Getty Images) Salma Hayek...

Entertainment13 hours ago

Succession season 4 teaser promises more warring, more Wambsgans, and a wedding

Succession will return for its fourth season March 24, HBO announced today. And we also got us our first, predictably...

Advertisement

Latest Sports

Sports49 mins ago

Quick Wrap – #1 Purdue 75, Michigan 70 – First to 20 Wins

Purdue becomes the first team with 20 wins, going into Ann Arbor and winning a close one. Purdue looked like...

Sports1 hour ago

Mavericks star Luka Doncic leaves game vs. Suns early with left ankle sprain

Luka Doncic rolled his left ankle just minutes into the game on Thursday night.

Sports2 hours ago

Greg Olsen braces to be bounced from top Fox booth by Tom Brady

Former NFL tight end Greg Olsen knew when he ascended to the No. 1 booth at Fox this year that...

Sports2 hours ago

Arizona Cardinals head coach search: Five candidates remain after two make decisions

The Arizona Cardinals are busy lining up interviews with head coach candidates.

Sports2 hours ago

3 fights break out 16 seconds apart in Flyers vs. Wild game

It was Fight Night in St. Paul on Thursday as the Wild took on the Flyers in a heated matchup.

Sports3 hours ago

NBA All-Star starters 2023: Joel Embiid not selected in Eastern Conference frontcourt

Joel Embiid, the Eastern Conference's leading scorer with 33.4 points per game, was not selected as an All-Star starter. By...

Sports3 hours ago

Gio Reyna scores second straight winner in second game since USMNT World Cup saga

Reyna did it again Wednesday, just three days after marking his return from the World Cup with a winner.

Sports4 hours ago

Rui Hachimura’s well-rounded skills on display in Lakers debut

Forward Rui Hachimura made a number of shots from the post, mid-range and long distance in the Lakers' victory over...

Technology Hot News

Technology1 week ago

Led by "Amazon" and "Microsoft" .. the technology giants are planning to lay off 64,000 employees

After 10 years of driving the stock market bull run, big tech companies are racing to downsize staff to adapt...

Technology1 week ago

Apple introduces MacBooks with new M2 processors

Yesterday, Tuesday, Apple unveiled MacBooks powered by the new, faster “M2 Pro” and “M2 Max” processor chips, in a surprise...

Technology1 week ago

All you need to know about the upcoming Galaxy S23 phones from Samsung

Samsung has officially announced that the (Galaxy Unpacked 2023) event will be held this year on Wednesday, February 1, which...

Technology1 week ago

FTX Exchange Announces Hacking and Stolen $415 Million in Cryptocurrency

Bankrupt American cryptocurrency firm FTX announced today, Wednesday, that $415 million in cryptocurrency has been hacked and stolen from the...

Technology1 week ago

Because of a "fraudulent tweet"… Elon Musk's trial begins

Elon Musk's trial began Tuesday in San Francisco with the selection of jury members who will have to decide whether...

Technology1 week ago

An electric spoon replaces salt and spices, but with conditions

Experts have developed an electric spoon that is able to replace spices and flavors and affect the taste buds in...

Technology2 weeks ago

The biggest dangers of using tracking devices.. so you can escape?

If you spot an unknown Bluetooth tagging device, there are ways to disable the device so it can't track your...

Technology2 weeks ago

New Twitter.. For You tab to web version

The Twitter platform announced that it will bring the new tab (For You), which launched last Tuesday for iPhones and...

Advertisement