The distribution networks are at the heart of the financial and strategic industrial issues which must be tackled on an European scale and will mobilise the bulk of the capital available for the networks for considerable amounts. They are the physical location of the energy transition and innovations must emerge from them to be able to meet the challenges posed by the revamp of the electricity system.
This breakfast-debate on will be the occasion to gather key actors within the energy industry, institutions, academics and public investors to reflect on the best way to approach investments in the energy distribution sector in the context of the energy transition.
To mark this occasion, the MFB held a jubilee gala on 16 November, inviting its key existing and potential new clients, leading figures from Hungary’s and Europe’s political and financial scene, and the bank’s domestic and foreign partners and senior staff. The Museum of Fine Arts, reopened in 2018 after its full renovation, provided a fitting venue for the event.
The European Committee of the Regions and the OECD are organising on 12 November the event: ´Subnational Finance and Investment Ten Years after the Crisis: Fiscal decentralisation and innovative public finance instruments as the way ahead?`. The event will take place in Brussels and it will focus on the state of subnational finance and investment, analysing limits and request that subnational governments face.
The 8th edition of Eurosif Market Study reveals sustained growth for most sustainable and responsible investment (SRI) strategies. The past two years show clear signs of SRI becoming integral to European fund management with managers better articulating their investment strategies. ESG integration remains by far the preferred strategy, growing by 60%.
This is a very positive record, marked at over €4 trillion of assets under management, which indicates that almost every asset manager that responded to the survey implements some form of ESG integration. Engagement and Voting gains further ground as the strategy grows by 14% giving evidence of the renewed commitment of investors to interface with the companies in their portfolios and truly reach out to make a difference. This positive engagement translates into less appetite for more dogmatic approaches. In fact, though Exclusions remains a dominant strategy in terms of assets with €9.4 trillion, we register a slight decrease by 7%. Tobacco features as the most popular exclusion criteria, reflecting a wave of divestment which in the past two years has involved large asset owners from Europe and beyond. Impact Investing continues to grow registering a 6-year CAGR of 52% and reaching €108 billion in assets, from only €20 billion in 2013. We are bound to see more growth for this strategy in the next years, as it becomes increasingly aligned with Sustainable Development Goals (SDGs): a turnkey for investors. Another interesting trend we register is the growth in the retail sector which goes from 3.4% of assets surveyed in 2014 to 30% this year. The appetite for SRI is clearly there, what is needed now is further work to capitalise on this wave of interest and with the latest policy dynamics we seem to be heading in the right direction.