Sustainable and responsible investment takes flight and grows 10% in Spain
Sustainable and responsible investment has reached 379,618 million euros managed in Spain during 2021, which has meant an increase of 10% compared to 2020, with a weight of 51% of the total, according to a study prepared by the Spainsif association, which is collected by Efe. In the report, prepared by this non-profit association, made up of entities interested in promoting Socially Responsible Investment in Spainthe advances in the European regulatory framework stand out, within the Sustainable Finance Action Plan.
According to the analyzed data, presented at the Annual Meeting of Spainsif 2022, of the total volume in sustainable investment, 234,896 million euros correspond to national entities and 144,721 million to assets of international organizations marketed in Spain. The study has been prepared based on the contributions of 26 national entities and 21 managers and owners of international assets, which have responded to a questionnaire in accordance with the Eurosif methodology.
ESG integration, that responds to environmental, social and governance criteria reaches the figure of 170,370 million euros, being the most used strategy at the time of investment, with 45% of assets. They are followed by the level of commitment or “engagement” and the vote, with 111,717 million euros, 29%. On the other hand, impact investment reaches 29,257 million euros, the best-in-class strategy decreases to 11,528 million euros and thematic investment reaches 8,753 million euros.
During the annual event, the president of Spainsif, Joaquín Garralda, highlighted that “sustainable investment continues to gain relevance due to the growing interest of investors and the regulatory developments of the EU”. For his part, the CEO of Spainsif, Francisco Javier Garayoa, explained that the Sustainable Finance Action Plan and legislation continue to be the biggest drivers of sustainable investment for those surveyed
The counselor of the National Securities Market Commission (CNMV), Helena Viñes, highlighted at the closing of the event the work that is being carried out in the High-Level Group of Experts of the General Secretariat of the United Nations, of which she is a member , on the “Net Zero” commitments of non-state actors. In his speech, he explained how they are articulated in the European framework the commitments for zero net emissions.
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