Submitted by: Sustainable Insight Capital Management
Posted: Dec 08, 2016 – 09:00 AM EST
NEW YORK, Dec. 08 /CSRwire/ - Sustainable Insight Capital Management, a registered investment manager based in New York, is proud to announce that it has become a B Corporation. It joins 1,800+ Certified B Corporations using the “power of business to benefit the greater good”.
SICM exceeded B Corp's rigorous standards of social and environmental performance, transparency and accountability having earned 100 points on the assessment, well over the 80-point minimum threshold. SICM's full B Score Report is available to the public here.
SICM manages long-only equity strategies on behalf of institutional clients, integrating environmental, social and governance (ESG) research into its disciplined investment process. Since its founding in 2013, SICM has been committed to its investment philosophy, which takes into account the idea that sustainability risk factors are affecting asset pricing and can no longer be ignored.
SICM Managing Partner, Kevin Parker, has been bullish about the potential for climate change investment, understanding that ESG issues were moving from the moral to the mainstream. “I think we’re at an inflection point where key sustainability themes are becoming irrefutable investment considerations. And we’re not alone. The growth of B Corporations worldwide signals a shift amongst companies and investors who recognize the financial materiality of many environmental and social factors that to date may have been largely ignored.”
Since its inception, SICM has been committed to integrating sustainability into its business practices, in respect to their employees and the communities they work in, as well as in their own operations. In their journey to becoming a B Corp, Sustainable Insight Capital Management underwent a series of performance and legal measures, including an evaluation of their impact on stakeholders, and the incorporation of sustainability into its mission and governing documents.
Sustainable Insight Capital Management (SICM) is a boutique institutional investment firm managing long-only solutions in public equities. The firm was founded in 2013 by a team with deep investment experience and a broad understanding of how ESG factors impact the performance of organizations. Their principals have worked closely with a number of organizations working to promote sustainable practices, including the Sustainable Accounting Standards Board (SASB), CDP (formerly known as Carbon Disclosure Project), Ceres’ Investor Network on Climate Risk, and the Earth Institute at Columbia University. SICM also publishes research on the intersection of sustainability and finance, including our weekly newsletter, Sustainable Insights, and a number of bespoke publications. Recent topics have examined the ESG rating agencies, the value of Social factors in a portfolio and the risks and returns of fossil fuel free investing. SICM is also proud to partner with the MIT Joint Program on the Science and Policy of Global Change on a carbon counter, hosted on its website. The purpose of the counter is to show in real time that the rapid rise in Atmospheric CO2 is threatening the global economic model while posing challenges to current assumptions about risk and future asset valuations. Visit sicm.com or find us on LinkedIn and Twitter.
About B Corp
B Corps are for-profit companies certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. Today, there is a growing community of more than 1,800 Certified B Corps from 42 countries and over 120 industries working together toward 1 unifying goal: to redefine success in business.
About B Lab
B Lab is a nonprofit organization that serves a global movement to redefine success in business so that all companies compete not only to be the best in the world, but the best for the world. B Lab drives this systemic change through a number of interrelated initiatives: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing legislation to accelerate growth of social entrepreneurship and impact investing (24 states have already passed benefit corporation legislation); 3) developing B Analytics, a customizable platform for investors to benchmark and report on the impact of their global equity portfolios; and 4) providing free, powerful tools for businesses to measure, compare and improve their social and environmental performance (more than 16,000 businesses use B Lab’s free B Impact Assessment). For more information, visit www.bcorporation.net.