Berlin is one of the latest capitals to join the movement that has seen
\ncities, such as Oslo and Stockholm, commit to divestment as a response to climate change. <\/p>\n
In summer 2016, Berlin announced a plan to divest its reserve funds from companies involved in the extraction
\nof fossil fuels (i.e. coal, oil and natural gas), or operating in disputable industries such as nuclear and arms, or
\nthat do not comply with the principles promoted by the UN Global Compact. To put the plan into action, a
\nsustainable equity index will be developed in a joint collaboration by Solactive and oekom research. The index,
\nwhich will be customized to the State of Berlin\u2019s divesting policies, not only aims to achieve the
\naforementioned qualitative goals but will also allocate funds to ESG-related investment objectives, while
\nensuring the ease of tradability of the index constituents. <\/p>\n
For this project, Solactive and oekom research were selected among other contestants by the Senate
\nDepartment for Finance of Berlin thanks to the compelling index concept which was jointly pitched. Both
\nSolactive and oekom research have a long track record of experience in their respective fields and this
\ncollaboration brings together the best of both worlds \u2013 expertise in ESG rating with an in-depth know-how of
\nindex construction \u2013 in a combined solution. <\/p>\n
\u201cWe received numerous applications and concept proposals from different candidates. This highlights the fact Robert Ha\u00dfler, CEO of oekom research, adds: \u201cWe are very much looking forward to supporting the State of Steffen Scheuble, Chairman and founder of Solactive, explains: \u201cAs index providers, we see a high demand for Solactive is an active player in ESG indexing with approximately 30 ESG-themed indices available to invest. ESG Solactive AG, the German multi-asset index provider specialized in the
\nthat sustainability is becoming an increasingly relevant topic in the financial sector<\/em>\u201d, says Dr. Matthias KollatzAhnen,
\nSenator for Finance of the State of Berlin. \u201cI am confident that Berlin found very strong partners in
\nSolactive and oekom research and this will enable us to set a new benchmark for sustainable investment
\nstrategies for public funds.<\/em>\u201d<\/p>\n
\nBerlin with our research and data on sustainability and company-related climate risks. Our expertise as
\ndivestment advisers for municipal pioneers, such as the cities of Stuttgart and M\u00fcnster, and our long lasting
\nclose cooperation with Solactive in the construction of sustainable indices, make us experienced partners for
\nthe environmental and climate plans of Berlin.<\/em>\u201d <\/p>\n
\nsustainability indices. A number of studies have shown that companies that do not follow sustainability
\nstrategies might lag in relative performance due to ESG related risks. Therefore, we are very proud to support \u2013together with oekom research \u2013 the State of Berlin with our sustainability index. When defining the index
\nconcept, we put a lot of effort in coming up with the best possible combination of sustainability and tradability
\nof the composing shares.<\/em>\u201d<\/p>\n
\ncriteria provided by sustainability specialists, such as oekom research, are used to define the starting universe
\nfrom which Solactive creates indices to respond to customers\u2019 demand. The range of ESG solutions consists of
\nboth broad market index benchmarks and smart beta indices based on both equity and fixed-income
\ninstruments. The City of Berlin will capitalize on both Solactive\u2019 and oekom\u2019s expertise to develop a sustainable
\nindex tailored to its divesture strategy. <\/p>\n","protected":false},"excerpt":{"rendered":"
\ncreation of customized financial indices, and oekom research AG, a leading expert in ESG research and analysis, have been selected by the Federal State of Berlin to support its long-term divestment strategy for the management of public pension funds.<\/p>\n","protected":false},"author":20,"featured_media":58002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1849,1826,1682,1651,1437,2234,1685],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/58004"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=58004"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/58004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/58002"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=58004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=58004"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=58004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}