‘Sustainable Investment Framework Navigator’

April 27, 2021

KPMG has collaborated with the University of Cambridge Institute for Sustainability Leadership [CISL] in the development of the Sustainable Investment Framework Navigator [SIFN], “a world-class, leading digital solution that combines academic rigour with industry knowledge and innovative technology.”

A spokesperson said, “The project is reflective of KPMG’s environmental, social and corporate governance [ESG] commitments both locally in Bermuda, and on a global level.

“The SIFN is based on CISL’s Sustainable Investment Framework in conjunction with the Investment Leaders Group [ILG], a global network of pension funds, insurers and asset managers committed to advancing the practice of responsible investment.

“It is designed to measure the real-world impact of an investment fund’s portfolio against a set of six impact themes which asset managers can use as proxies for the performance of their investments and their alignment with the United Nations Sustainable Development Goals [SDGs]. These six themes include: Climate stability, Resource security, Healthy ecosystems, Basic needs, Wellbeing and Decent work.”

Mike Morrison, Chief Executive Officer, KPMG in Bermuda, said, “KPMG professionals have invested substantially in technology and innovation in order to help clients overcome their biggest challenges and SIFN aims to do just that. “The SIFN provides the ability to take complex information to gain meaningful insights with a simple dashboard to check their alignment with the SDGs.

“It is part of our KPMG vision to help our clients build a better world that focuses on sustainability, resilience and impact.”

Dr Jake Reynolds, Executive Director, Sustainable Economy, CISL said, “Measuring the impact of a company on a single issue like climate change is reasonably simple provided the right data are disclosed. Doing the same across all areas of sustainability – including issues where data coverage is poor – is far more challenging.

“CISL’s framework simplifies this problem for investors through six quantitative tests based on readily available data, aiding comparisons between assets. Our collaboration with KPMG will help us to continue to advance the framework as new data and methods become available, including in the vital area of social impact.”

Charles Thresh, Managing Director, Head of Advisory, KPMG in Bermuda, said, “We are really excited to be part of a global, technology-enabled solution. Working alongside the experts from CISL towards a unified way of measuring our impact is a big step towards the future of sustainable and environmentally conscious investment.”

The spokesperson said, “The ultimate goal is to assess all portfolios on a common basis to bring clarity for investment clients and beneficiaries. In doing so, it will help to encourage the movement of capital towards more environmentally and socially sustainable investments and supports asset managers to disclose relevant data in a consistent way.

“The SIFN is available now. To learn more, click here.”

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