Germany’s industry association for financial analysis and asset management, the DVFA, has launched a tool to help investors create in-house sustainability scoring policies.
It was developed by the DVFA’s sustainable finance commission, comprising members from firms including State Street Global Advisors, Allianz Global Investors and Union Investment.
Dirk Soehnholz, a Commission member from model-portfolio provider Diversifikator, told RI in a personal capacity that the development of the tool had been driven by an increasing number of investors asking questions on how they could develop a sustainable investment policy.
“Many thought that they would wait for the EU sustainable finance taxonomy to come into place. But it was pretty clear from the start that the taxonomy would take a long time and would not be as comprehensive or as broad as we think at the Sustainable Finance Commission.”
The Policy for Responsible Investment Scoring, know…