Latest on Asset management
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Quotes
“If it's just used for engagement, I do not have a problem with it. The problem I do have is that these temperature scores are being used by our clients.”
Craig Mackenzie, head of strategic asset allocation at Aberdeen Standard Investments
“The game plan is to take an entrepreneur who might have 10 million or 15 million of Ebita today and institutionalise the company – bring in the audited financial statements, processes and procedures, controls and take their talent and grow that business.”
Art Penn, the founder and chief of PennantPark
“Implied temperature rise, although important, just is not ready today. We did a consultation on forward-looking metrics for the financial sector. And we received over 200 responses to that. We’ve heard, essentially, that these forward-looking metrics for the financial sector are important. But they’re still new. So there are still some data challenges. There is still variation in methodologies. And there are still things that financial institutions are working on internally.”
Mara Childress of the TCFD’s secretariat
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