marietta smid
DESCRIPTION
Senior Advisor Sustainability - ASN Bank - NetherlandsClimate-Friendly Investing Through An Internal Climate BenchmarkTRANSCRIPT
Selection proces ASN Bank
1. Issue papers on Climate Change, Human Rights and Biodiversity;
2. ESG research;3. Selection companies for
universe.
• Investment universe– 150 companies– Worldwide
Climate Friendly Investing
Internal Benchmark– Market cap – Liquidity– Carbon Footprint– Contribution to total carbon
footprint is maximized
Biggest impact on carbon footprint
• Internal benchmark level– Very stable.– Economic changes– Changes in names investment
universe– Update data Trucost
• Portfolio level– More volatile due to overweight's and
underweight of cyclical companies
Carbon footprint ASN Mutual Fund and MSCI
0
100
200
300
400
500
600
ASN Aandelenfonds MCSI All World Index (benchmark)
2007
2008
2009
1e half 2010
After inplementation
Stock Name
ASN Portfolio weight
CO2 contr in %
IB Wi CO2 contr in %
STORA ENSO OYJ 0,83% 9,83% 0,36% 4,77%BEKAERT SA 0,99% 9,59% 0,33% 3,45%KONINKLIJKE DSM NV 1,05% 6,77% 0,48% 3,42%INTEL CORP. 3,70% 4,96% 3,37% 4,95%AKZO NOBEL NV 1,19% 4,16% 0,62% 2,37%UMICORE SA 0,89% 3,36% 0,40% 1,66%BRISTOL MYERS SQUIBB CO. 1,87% 2,60% 2,21% 3,39%STARBUCKS CORP. 2,16% 2,48% 1,62% 2,05%INTERFACE INCO. 0,89% 2,41% 0,38% 1,13%SEVERN TRENT PLC. 0,93% 2,36% 0,39% 1,10%
Stock Name
ASN Portfolio weight
CO2 contr in %
IB WiCO2
contr in %
INTEL CORP. 3,70% 4,96% 3,37% 4,95%MERCK & CO.INCO. 3,12% 1,86% 3,51% 2,30%NOVARTIS AG 2,45% 1,36% 2,00% 1,22%ADOBE SYSTEMS INCO. 2,39% 0,37% 1,99% 0,34%STARBUCKS CORP. 2,16% 2,48% 1,62% 2,05%ASTRAZENECA PLC. 2,16% 0,89% 1,65% 0,75%SAP AG 1,97% 0,54% 1,47% 0,44%NIKE INCO. 1,92% 0,47% 2,21% 0,59%BRISTOL MYERS SQUIBB CO. 1,87% 2,60% 2,21% 3,39%NOVO NORDISK A/S 1,86% 0,97% 1,27% 0,73%
Challenges• Accuracy data• Direct vs indirect impact
(scope 1 & 2 vs 3)