“Arvella Investments, a London and Paris-based wealth management firm established by Bruno de Kegel and Benoit Mercereau, two former Goldman Sachs managing directors, won the Innovation Award.
Its entry highlighted its proprietary climate warming metric and three-dimensional optimisation process. The former enables it to calculate the alignment of any client portfolio relative to the Paris climate goals, the latter helps clients find the optimal trade-off between risk, return and alignment to climate goals.
Arvella beat-off a number of very strong entries, not least from Lombard Odier, whose entry shared many similarities with Arvella’s.
The other finalists consisted of Citi Private Bank, Nedbank Private Wealth, Kleinwort Hambros and HSBC Private Bank.
“It’s good to see that so many firms are now incorporating the ingenuity of the fintech sector to come with innovative ways of improving the client experience,” said Mr Anderson. “Long may it continue.”
“As part of the Paris Agreement, 197 countries agreed that the global temperature could rise by a maximum of 2°C, with 1.5°C as a stretch target, to avoid irreversible damage to the Earth’s ecosystem and the subsequent economic risks.
However, the average temperature rise caused by companies worldwide is about 3°C, according to a study published last year, with only 6% of firms below 2°C and 4% below 1.5°C.
The research was based on 2,686 companies part of the I Care and Arvella’s climate alignment database, Climate SBAM, which included stocks part of MSCI’s flagship global equity index.”
The Earthshot Prize – the most prestigious global environment prize in history – will support the global effort to protect and restore the environment while also turning the current pessimism surrounding environmental issues into optimism, highlighting the ability of human ingenuity to bring about change.
Taking inspiration from President John F. Kennedy’s Moonshot, which united millions of people around an organising goal to put man on the moon, The Earthshot Prize is centred around five ‘Earthshots’. Each is a simple but ambitious goal for our planet, which if achieved by 2030 will improve life for us all, and for generations to come. The Earthshots are:
Together, they form a unique set of challenges rooted in science, which aim to generate new ways of thinking, as well as new technologies, systems, policies and solutions.
By bringing these five critical issues together, The Earthshot Prize recognises the interconnectivity between environmental challenges and the urgent need to tackle them together.
Every year from 2021 until 2030, Prince William, alongside The Earthshot Prize Council which covers six continents, will award The Earthshot Prize to five winners, one per Earthshot, whose evidence-based solutions make the most progress towards these goals.
The nominations process will open at the start of November 2020.
The Earthshot Prize’s nominators have been selected for their ability to identify the most impactful solutions to the five Earthshot challenges across all countries and sectors, from grassroots to businesses. Spanning the globe, nominators include our Global Alliance, a network of global organisations committed to environmental action who share the ambition of the Prize to repair the planet, as well as academic and non-profit institutions and private sector alliances from around the world.
To find out more, visit www.earthshotprize.org
“Fulcrum has worked with environmental transition experts, Iceberg Data Lab, to create a product that is designed to be in line with science-based international best practice. The Fund is also a product of collaboration with Arvella Investments which, after an extensive yet fruitless search for an established diversified equity fund aligned with the Paris Agreement, turned to Fulcrum for a solution. “
Benoit Mercereau, CIO at Arvella Investments, says: “With most major global benchmarks on a 3-degree trajectory, we are pleased to have been able to work with Fulcrum to design a fund that is not only providing us with access to the global equity market but doing so in a way that is in-line with a below 2°C trajectory.”
“Nous avons une double ambition. Proposer la meilleure offre de gestion patrimoniale en Europe, tout en ayant un impact positif sur la société.”
“A Morningstar analysis of SEC reports on how funds voted at US shareholder meetings this year reveals that many big asset managers’ ESG funds often side with management and vote against climate or social shareholder proposals. The new SEC data come as officials at Arvella Investments published research showing a big variety in climate proposal support from index funds. In 2018, BlackRock supported only 23 per cent of climate change proposals while Legal & General supported 85 per cent.”
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