Sustainability and green investing is today as important to the asset servicing industry as it is to the asset management industry.
CACEIS is pushing forward with the development of innovative products and services related to industry sustainability and has become one of the leading service providers in this area.
CACEIS participates in the Crédit Agricole Group's internal system for monitoring and measuring progress in the area of CSR. CACEIS is assessed by EcoVadis, a sustainability rating and research agency for assessing CSR policies and is recognised for its Gold category commitments. In late 2019, for the fourth time running, CACEIS earned a Gold Rating from EcoVadis, the highest recognition in the evaluation conducted by the agency with global suppliers.
CACEIS is also driven by the search for sustainable and efficient solutions for clients and has implemented a number of action plans to achieve its goals. One such initiative is the innovative online “ESG & Climate-Reporting” service designed for clients. This well-established service gives clients complete ESG transparency on their portfolios and is provided in partnership with industry leading partners such as ratings and research agency, VigeoEiris. From the outset, the reporting service was positively received by clients and investors alike, especially in Germany where it recently received a “Transparent Bull” award from German audit firm Rödl & Partner together with Finanzen Verlag press group. CACEIS in Germany was also the first custodian in the market to undergo a qualitative rating audit by German Sustainability/ESG rating agency TELOS and the group’s sustainable approach and ESG-focused client services earned the company a AA (Very Good) rating in early 2020.
These awards reflect CACEIS’ long-standing commitment to sustainable strategies with a verifiable economic, social and environmental value in the workplace and with suppliers and clients. This is an ongoing commitment which will continue long into the future. To find out more about the impact of ESG in the area of investment, take a look at the interview with Dagmar Nixdorf, niece of entrepreneur Heinz Nixdorf who invented computers for data processing for small and mid-sized companies and Chairwoman of the Supervisory Board of Nixdorf Kapital AG.
What role does impact investing play in Europe compared to "traditional" investing?
Dagmar Nixdorf: Basically every form of investment has an impact. In Europe, the discussion on the topic of impact investment has arisen later and in a more differentiated manner than in the USA, for example. In the light of climate change, there has been more awareness of this form of responsible investment. In our understanding, impact investing goes beyond the mere traditional orientation towards risk and return. Positive social and/or ecological effects should be considered. We are interested in a measurable positive social and/or ecological effect. For us, impact investing goes far beyond the previous ESG or SRI approaches. Besides, the current crisis makes us aware that health in itself is an important aspect of investment. And, it will have an impact on the investment process and on what happens in local and regional markets.
What are the opportunities and challenges of impact investing?
Dagmar Nixdorf: The European market for impact investing is not homogeneous. There are already some specialised investment funds, advisors, intermediaries and networks, but the topic has not yet reached the mainstream. At the same time, however, there has been a massive increase in interest in impact investing in Europe from investors, the social economy and academia for years. The topic is also receiving increased attention in the political arena. This is different in the various European countries, if only because the structures of the social state vary from country to country. Impact investing therefore has great potential and it is important to focus even more attention on the topic in Europe. However, there are currently a number of challenges for market development. One of the biggest challenges is to develop a uniform understanding and instruments for impact measurement. As such, the EU-wide classification system for sustainable investments (Taxonomy) is an important achievement.
What is your personal motivation regarding sustainability or impact investing?
Dagmar Nixdorf: My motivation, which I share with our team at Nixdorf Kapital AG, has its roots in the entrepreneurial history of our family - in successful and responsible medium-sized companies. We have always been socially committed and today, on the basis of this experience, we combine our strength in the development and structuring of investment opportunities, which of course achieve measurable positive effects for society and the environment in addition to the usual market financial returns.