CNS-Responsible-Investing 2024 - Flipbook - Page 31
includes analyzing shifts in market conditions that
impact enterprise value and revenue metrics, as
well as evaluating evolving carbon data coverage.
Understanding how each input contributes to
overall portfolio emissions is essential to inform
client reporting and shape more meaningful
engagement.
• Carbon targets: As portfolio companies continue
to update their climate goals, it is increasingly
important that our analysts assess the feasibility,
costs, and implications of setting and achieving
those targets. Our internal analysis helps
evaluate the ambition and credibility of company
commitments, and the potential reputational or
昀椀nancial risks if targets are not met, or are set in a
way that may harm enterprise value. This enables
more robust peer comparisons and portfolio-level
risk assessments.
Embedding real-world climate risks and opportunities
into our investment process is core to our long-term
risk management and value creation approach. This
work re昀氀ects our commitment to equipping our
investment teams—and our clients—with the tools
and insights needed to navigate a rapidly evolving
climate landscape with clarity and con昀椀dence.
“As capital reallocates around new
climate realities, we see a market
reshaping in real time. Integrating
climate related factors into our
assessment of portfolio companies
ensures a truly complete view of
a company, and something that is
becoming a competitive necessity in
the space.”
CORY BENDER, CFA
DIRECTOR, ESG ANALYST
COHEN & STEERS | RESPONSIBLE INVESTING 31
