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FTSE ESG Ratings & climate change: Enhancements affecting JSE-listed companies

Understanding enhancements to the assessment of climate change management in FTSE’s ESG Ratings.

Investor focus on climate and transition risk has grown significantly in recent years. In response to this, FTSE Russell has developed a number of data and index tools to better measure and manage these risks. As part of these efforts, FTSE Russell enhanced the way climate change is addressed as part of its ESG Ratings, and this affects JSE-listed companies being assessed as part of the FTSE/JSE Responsible Investment Index series.

This enhancement was the result of two years of intensive collaboration between FTSE Russell and the Grantham Institute of the London School of Economics in the context of the Transition Pathway Initiative. Adoption of the proposed enhancements has aligned the Climate Change theme with the Transition Pathway Initiative’s Management Quality (MQ) score, which itself uses data inputs from FTSE Russell’s ESG assessment to assess companies’ readiness for transition to a low carbon economy. The enhancement was centred around three key changes in the way the Climate Change theme is scored:
1. Focus on a distilled set of indicators drawn from the existing theme to calculate a Management Quality score.
2. Assessing companies on a “staircase”, rather than as a percentage of indicators met.
3. Importance of carbon intensity relative to peers.

This enhancement is the latest in a series of changes to the way FTSE Russell assesses climate change management in the ESG model, keeping pace with evolving global standards and investor expectations.

Join a conversation between experts from FTSE Russell and the Johannesburg Stock Exchange (JSE) as they discuss:
• The climate disclosure landscape
• FTSE Russell’s ESG Ratings and data model, with particular focus on the changes to the climate change theme
• The performance of South African companies on the basis of their ESG scores
• The performance of the FTSE/JSE Responsible Investment Indexes
Recorded Sep 9 2021 61 mins
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Presented by
Shameela Soobramoney (Johannesburg Stock Exchange); Sarah Williams (FTSE Russell)
Presentation preview: FTSE ESG Ratings & climate change: Enhancements affecting JSE-listed companies
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    • Where were the biggest divergences in factor behavior regionally?

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    Industrial Transition to Net Zero - How can business and the investment sector come together to achieve global decarbonisation?

    Date: 20 October 2021
    Time: 2:00pm - 4:30 pm BST

    Agenda and confirmed speakers

    Series overview
    Sagarika Chatterjee, Director of Climate Change, PRI and COP26 High-Level Champions Finance Co-Lead
    David Harris, Global Head of Sustainable Finance, Data & Analytics, LSEG

    Opening remarks
    Fiona Reynolds, CEO, PRI
    David Schwimmer, CEO, LSEG

    Opening C-Suite panel – The engagement between the finance sector and businesses to support transition and rapid decarbonisation of the economy
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    Renaud Guidée, Group Chief Risk Officer, AXA

    Keynote Speaker
    John Kerry, U.S. Special Presidential Envoy for Climate

    Keynote Speaker
    Commissioner Allison Herren Lee, U.S. Securities and Exchange Commission

    IEA Presentation
    Tim Gould, Chief Energy Economist, International Energy Agency (IEA)

    Panel: Accelerating commitments and getting the vision right
    Chair: Sagarika Chatterjee, Director of Climate Change, PRI and COP26 High-Level Champions Finance Co-Lead
    Anne Simpson, Managing Investment Director, Board Governance & Sustainability, CalPERS & Steering Committee and Asia Advisory Group for Climate Action 100+
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    Jaakko Kooroshy, Head of Sustainable Investment Research, FTSE Russell

    Panel: Driving Action on Climate Change Management & Effective Target Setting
    Chair: Julia Hoggett, CEO, London Stock Exchange
    Adam Matthews, Chief Responsible Investment Officer, Church of England Pensions Board & Chair of TPI
    Claudia Bolli, Head Responsible Investing, Director, Swiss Re Group Asset Management
    Sam Peacock, Director of Corporate Affairs and Strategy, SSE
  • Global factor behaviour: winners & losers in Q3 Recorded: Oct 20 2021 27 mins
    Marlies van Boven head of investment research, EMEA and Mark Barnes, head of investment research, Americas; FTSE Russell
    Join FTSE Russell’s Global Investment Research team for expert analysis and strategic insights on factor behaviour and valuations, and answers to the following questions:

    • Which factors benefited from rising inflation expectations and bond yields during the quarter — and which faltered?

    • Where were the biggest divergences in factor behaviour regionally?

    • What impact did shifts in industry performance over the quarter affect factor preferences within and across regions?

    The discussion will draw upon key findings from our quarterly Market Maps Regional Factor Indicator report, being published shortly before the webinar.
  • Global factor behavior: winners & losers in Q3, for an audience in APAC Recorded: Oct 20 2021 27 mins
    Mark Barnes, head of investment research, Americas; Marlies van Boven head of investment research, EMEA, FTSE Russell
    Join FTSE Russell’s Global Investment Research team for expert analysis and strategic insights on factor behavior and valuations, and answers to the following questions:

    • Which factors benefited from rising inflation expectations and bond yields during the quarter — and which faltered?

    • Where were the biggest divergences in factor behavior regionally?

    • What impact did shifts in industry performance over the quarter affect factor preferences within and across regions?

    The discussion will draw upon key findings from our quarterly Market Maps Regional Factor Indicator report, being published shortly before the webinar.

    Supported by the CFA Institute this webinar qualifies for 0.5 CE credit under the guidelines of the CFA Institute Continuing Education Program
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  • FTSE ESG Ratings & climate change: Enhancements affecting JSE-listed companies Recorded: Sep 9 2021 61 mins
    Shameela Soobramoney (Johannesburg Stock Exchange); Sarah Williams (FTSE Russell)
    Understanding enhancements to the assessment of climate change management in FTSE’s ESG Ratings.

    Investor focus on climate and transition risk has grown significantly in recent years. In response to this, FTSE Russell has developed a number of data and index tools to better measure and manage these risks. As part of these efforts, FTSE Russell enhanced the way climate change is addressed as part of its ESG Ratings, and this affects JSE-listed companies being assessed as part of the FTSE/JSE Responsible Investment Index series.

    This enhancement was the result of two years of intensive collaboration between FTSE Russell and the Grantham Institute of the London School of Economics in the context of the Transition Pathway Initiative. Adoption of the proposed enhancements has aligned the Climate Change theme with the Transition Pathway Initiative’s Management Quality (MQ) score, which itself uses data inputs from FTSE Russell’s ESG assessment to assess companies’ readiness for transition to a low carbon economy. The enhancement was centred around three key changes in the way the Climate Change theme is scored:
    1. Focus on a distilled set of indicators drawn from the existing theme to calculate a Management Quality score.
    2. Assessing companies on a “staircase”, rather than as a percentage of indicators met.
    3. Importance of carbon intensity relative to peers.

    This enhancement is the latest in a series of changes to the way FTSE Russell assesses climate change management in the ESG model, keeping pace with evolving global standards and investor expectations.

    Join a conversation between experts from FTSE Russell and the Johannesburg Stock Exchange (JSE) as they discuss:
    • The climate disclosure landscape
    • FTSE Russell’s ESG Ratings and data model, with particular focus on the changes to the climate change theme
    • The performance of South African companies on the basis of their ESG scores
    • The performance of the FTSE/JSE Responsible Investment Indexes
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    *** Please note that this webinar is addressed exclusively to professional investors in the UK and/or jurisdictions where HSBC funds or products are approved for distribution. ***
  • 債券ポートフォリオ分析におけるESGインテグレーション Recorded: Aug 11 2021 60 mins
    FTSE Russell, リフィニティブ
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    このたびロンドン証券取引所グループ傘下のイールドブックは、伝統的な債券のリスク分析手法に、同グループ傘下のリフィニティブが提供するESGデータを追加し、社債を対象にESG投資分析を支援するサービスを開始しました。先にリリースした弊グループ傘下のビヨンド・レーティングスのソブリンを対象とする気候リスクおよびESGデータ・サービスに続くリリースとなります。

    さて8月11日(水)午後4時より、イールドブックとリフィニティブの共催によるウェビナー開催することとなりましたのでご案内申し上げます。本ウェビナーは約60分を予定しています。参加費は無料です。是非多くの皆様のご参加をお待ちしています。

    • リフィニティブESGデータのご紹介 - リフィニティブ・ジャパン シニア・ソリューション・コンサルタント 山口 博子
    リフィニティブが提供するESGデータの概要と特徴について解説します
    • ESG指標を考慮した債券ポートフォリオ分析 - FTSE Russell ヴァイスプレジデント 斎藤 千恵
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    FTSE Russell、CSOPアセットマネジメント、シンガポール取引所
    中国は世界第2位の債券市場であり、国際投資家による中国債券市場への投資需要は増え続けています。
    2020年9月21日には、資産運用会社CSOPアセットマネジメントによって、FTSE Russellの中国国債インデックスを参照する画期的なETFがシンガポール取引所(SGX)に上場されています。

    本ETFは、FTSE Russellがシンガポール取引所との間で、アジアおよび新興市場の単一国および地域の株式デリバティブ、ならびにETF商品で幅広いインデックスデリバティブを共同開発する長期的な戦略的パートナーシップを発表した後、最初に上場されたETFです。

    中国の債券市場と画期的な上場ETFについてご紹介する当オンラインセミナーに是非ご参加ください。 CSOPアセットマネジメント、シンガポール取引所(SGX)、およびFTSE Russellの専門家が、以下の議題についてお話しいたします。

    ● 開会のご挨拶 – FTSE Russell日本代表 多湖理
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    ● シンガポール取引所経由での中国債券市場アクセス – シンガポール取引所 東京事務所 Associate Director 興津宏
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    ● 閉会のご挨拶 – シンガポール取引所 東京事務所代表 與利博
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    During the session, being moderated by Brendan Maton of IPE, our presenters will provide valuable insights on factor behaviour and valuations in Q2. They will delve into the significant global divergence in factor performance compared to the first quarter and answer the following questions:

    – Where have we seen factor outperformance “cooling off”, or rebound?
    – Which factors are more attractively valued relative to their benchmarks?
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    – What is the impact of regional differences during COVID surges ?
    – How has factor exposure of Momentum changed?
    – What is the correlation between the economic outlook and factor performance?
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    FTSE Russell, an LSEG business
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    • explore the evolution of ESG engagement and passive investing
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    • why shareholder engagement remains important
    • why historically, passive investing and sustainability engagement were deemed to be at best challenging, at worst incompatible, and what the ‘new’ landscape looks like

    Confirmed speakers:

    • Faith Ward, Chief Responsible Investment Officer, Brunel Pension Partnership
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  • Title: FTSE ESG Ratings & climate change: Enhancements affecting JSE-listed companies
  • Live at: Sep 9 2021 9:00 am
  • Presented by: Shameela Soobramoney (Johannesburg Stock Exchange); Sarah Williams (FTSE Russell)
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