17 Communications

17C Research

17C is committed to the continued development of the sustainable finance space. See below for a compilation of research pieces that 17C has authored or contributed to.

 

BlueMark: Making the Mark: The Benchmark for Impact Investing Practice (May 10, 2021)

The second annual ‘Making the Mark’ report features data and insights based on BlueMark’s 30 verifications of investor alignment with the Operating Principles for Impact Management, the leading market standard for impact management practices. The report also introduces the BlueMark Practice Benchmark, a first-of-its-kind tool for tracking best practices in impact management and differentiating between impact investing leaders and learners.

 

Predistribution Initiative: ESG 2.0: Measuring & Managing Investor Risks Beyond the Enterprise-level (April 6, 2021)

A working paper from the Predistribution Initiative that explores how the growth of institutional investors (asset owners and allocators) and certain asset allocation strategies can be in conflict with ESG objectives. The authors concluded that many of our existing ESG and impact investing frameworks focus on issues at the portfolio company level, but they do not take into account potential negative impacts from capital structures and investors’ influence in shaping them.For long-term, diversified institutional investors, or “Universal Owners” of the market, these dynamics eventually translate into lower financial returns. For workers and communities, these dynamics translate into greater precarity and inequality.

 

17 Communications: The 17 Most Important Reads on Sustainable Finance From 2020 (March 1, 2021)

Each year, the team at 17 Communications compiles a list of the most important industry research reports and academic studies that were published about the ESG, impact investing and sustainable finance space. This ‘Research Review’ provides an easy way for busy financial professionals to catch up on industry trends and learn about what to expect in the future as this industry evolves and matures.

 

Beyond Alpha: We Need to Talk: Why It’s Time for Institutional Investors to Embrace SDG-Aligned Investing (January 21, 2021)

This report explores the shortcomings of current approaches to sustainable investing and explain why the lack of progress in people and planet outcomes, as outlined by the UN SDGs, should be very concerning for all institutional investors. The proposed solution is SDG-Aligned Investing, a system-level investment approach that takes into consideration both the risk and return characteristics of an investment, including environmental, social, and governance (ESG) aspects, as well as the positive and negative impacts of that investment in the achievement of the SDGs.

 

Capricorn Investment Group: Deep Impact with Deep Tech (January 2021)

The inaugural impact report for Capricorn’s Technology Impact Fund (TIF), which invests in companies addressing global trends in technology, energy, transportation, healthcare, agriculture, and aerospace. The report features insights into the firm’s approach to impact management for each company in the portfolio as well as for the fund as a whole.

 

17 Communications: Private Inequity: How the Private Equity Industry Needs to Improve When Addressing Systemic and Systematic Risks (November 16, 2020)

A research report published by 17 Communications, with contributed content from the Predistribution Initiative, about how the private equity industry is responding to systemic and systematic risks like climate change, COVID-19 and racial injustice. The report includes specific recommendations for how private equity firms can better manage these risks, including: demonstrating that policies are supported with effective implementation procedures, conducting third-party audits of existing practices, and disclosing political spend and lobbying activities.

 

Tideline: Making the Mark: Investor Alignment with the Operating Principles for Impact Management (April 21, 2020)

Tideline’s inaugural benchmark report evaluates investor alignment with the Operating Principles for Impact Management (OPIM), a new impact investor standard introduced in April 2019 that requires signatories to disclose and independently verify their alignment with the Principles. The report includes: Tideline’s aggregated findings based on 13 verifications completed to date; a description of Tideline’s verification methodology and ratings rubric; an analysis of the three important characteristics that verification brings to the impact investing market; and key takeaways and a call to action for various stakeholders to continue the work of building the impact investing field. Tideline launch its independent impact verification business, BlueMark, in 2020 to meet the growing market demand for impact verification.

 

KPMG, CREATE-Research, AIMA, and CAIA Association: Sustainable investing: fast-forwarding its evolution (February 5, 2020)

The authors examine recent trends in sustainable investing with a focus on the hedge fund industry, including current attitudes towards sustainable investing, key challenges in adopting sustainable investing approaches and what steps hedge funds should take to meet growing investor demand. The research includes insights from 135 institutional investors, hedge fund managers, long only managers and pension consultants in 13 countries across key markets.

“The problem is that we all too often have socialism for the rich, and rugged free enteprise capitalism for the poor."

— DR. MARTIN LUTHER KING JR. (CIVIL RIGHTS LEADER)

17 Communications

NEWS & VIEWS

A selection of news articles, podcasts and speaking appearances featuring Dmitriy Ioselevich discussing topics like ESG, impact investing, mission-driven communications and greenwashing.

ImpactAlpha: How to stop ‘astroturf’ campaigns and the spread of misinformation (November 25, 2020)

Writing for ImpactAlpha, Dmitriy discusses the recent FTI Consulting scandal and how we can all do more to tackle misinformation and astroturfing, including “the need for PR professionals to adopt higher standards that emphasize purpose and integrity over profits and misinformation.”

FundFire: Private Equity Scores Poorly on Climate, Race Issue Ratings (November 25, 2020)

Dmitriy Ioselevich speaks to FundFire about the ‘Private Inequity’ report on the triple crises of COVID-19, climate change and racial injustice, which all stem from risks long “ignored, underfunded, or inadequately addressed by both the public and private sectors.”

AlphaWeek: Private Equity Needs to Step Up Its Game to Address Systemic Risks (November 23, 2020)

Dmitriy Ioselevich speaks to AlphaWeek about his recent report on ‘Private Inequity’ and why “just because a firm publishes a statement or makes a donation doesn’t mean that they’re actually doing anything meaningful about an issue. This type of behaviour ensures that we’ll just keep repeating the same cycle until the system changes. That will only happen when we see changes at both the firm and portfolio levels. When they say something, they need to back it up.”

FundFire: The Most Common Excuses that Hedge Funds Use to Avoid ESG — and Why They Are Wrong (June 24, 2020)

In this opinion piece, Dmitriy about how while some hedge funds are clear ESG leaders, too many are still making excuses to investors or pundits on why ESG is “not for them.” He argues that it’s long past time for these excuses to stop so that the investment community can have an honest and productive conversation about how to fix the problems with ESG, rather than scrap ESG entirely.

NYU Stern: Impact Investing in Family Offices (April 7, 2020)

Dmitriy Ioselevich gave a guest lecture on ESG data to a class taught by Steven Godeke and Richard M. Levitch about impact investing and how family offices sit in a unique position to incorporate impact investment strategies into their operations.

ImpactAlpha: More Agents of Impact answer the call for new tools to reshape finance (January 27, 2020)

Build trust with stakeholders (by Dmitriy Ioselevich)

In order to evolve to a better and more inclusive form of capitalism, we must first address the growing skepticism and outright condemnation of capitalism. This requires not only changing people’s minds, but also their hearts. That’s why for impact investing to truly scale, the financial community needs to take proactive steps to rebuild trust with all stakeholders.

High NY: Hemp & Sustainability (September 26, 2019)

Dmitriy Ioselevich spoke on a panel about how hemp is aligned with the 17 Sustainable Development Goals (SDGs). Hemp is the most versatile crop on the planet. With thousands of uses for its seed, oil, and fiber, hemp can be used to make textiles, building material, livestock bedding, paper products, bioplastics, food, and much more. Hemp also filters toxic chemicals out of polluted soil and has been scientifically proven to absorb more CO2 per hectare than any forest or commercial crop, making it the ideal carbon sink.

“Climate change isn’t an “issue” to add to the list of things to worry about, next to health care and taxes. It is a civilizational wake-up call. A powerful message—spoken in the language of fires, floods, droughts, and extinctions—telling us that we need an entirely new economic model and a new way of sharing this planet. Telling us that we need to evolve."

— NAOMI KLEIN (ACTIVIST, AUTHOR AND JOURNALIST)

17 Communications

17C Weekly Newsletter

17C publishes a weekly newsletter featuring a compilation of news, insights and research from across the ESG and impact investing landscape. To become a subscriber, please contact us at info@17c.org and put ‘Newsletter’ in the subject line.

“It is in your hands to create a better world for all who live in it."

— NELSON MANDELA (CIVIL RIGHTS LEADER)