Engagement

Algebris is committed to proactively engaging with regulators and other relevant bodies on a range of matters that are important to the firm, investors and to the ESG cause.

Some examples of this proactive approach can be found below.

We voiced early concerns regarding the ESG advisory contract awarded to Blackrock by the EC. This advisory contract was for Blackrock to devise a study on the integration of rules surrounding climate-related investments into banking regulation without sufficient consideration by the EC of the conflict of interest posed by this arrangement.

We addressed a letter to EU and Italian authorities sharing our concerns that the current unregulated nature of the ESG ratings industry may undermine the EU efforts at fostering transparency on the sustainability credentials of investment products, and may create a risk of green-washing, capital mis-allocation and product mis-selling.

Algebris is also supporting a number of international initiatives:

Algebris became a UNPRI signatory on 23 July 2019

Algebris became a TCFD supporter in October 2020

Algebris became a CDP Investor Signatory in October 2020

Algebris also supports the Say On Climate initiative and is a signatory of the Next Zero Asset Managers Initiative.
Algebris also signed The 2021 Global Investor Statement to Governments on the Climate Crisis.