Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

36204

PraxisIFM puts ESG at top of business agenda

RELATED TOPICS​

PraxisIFM Group has made a firm commitment to environmental sustainability by enrolling on ESI Monitor’s Environmental Business Operations Framework.

ESI Monitor promotes positive environmental and social impact and aims to support business to drive their transition to sustainability and inspire continual improvement through measurement, benchmarking and adaptation. The Environmental Business Operations Framework is an international benchmark and serves as an environmental management system to measure, manage and minimise an organisation’s environmental impact.
 
In line with its determined pledge to be a good corporate citizen and further reduce its environmental impact on the world, PraxisIFM has appointed a team or representative from each office, who will lead the project in their jurisdiction.
 
The Group, which provides global professional administration services across Private Client & Corporate, Funds and Pensions in 17 jurisdictions globally will produce data and targets on reducing its scope one, two and three emissions.
 
PraxisIFM CEO, Rob Fearis, says: ‘ESG is already an important part of our business model and a priority for many of our clients and staff – now is the time to be making sure that same attention reaches all parts of our organisation. We know it’s not enough for businesses to simply be talking about their ESG commitments, we need to taking tangible action and holding ourselves accountable to make positive change.
 
‘We recognise our responsibility in this area and have made a major investment for the Group in order to truly understand where we are as a business and to set aspirational yet achievable targets in partnership with the experts at ESI and to report on those goals openly and for the benefit of all.’
 
Marc Laine, managing director of ESI Monitor, says: ‘Climate change is finally being taken seriously on a global scale and the next step is for businesses to be making impactful change. Measurement and benchmarking promotes accountability, supporting businesses to achieve realistic but meaningful progress. We’re very excited to have PraxisIFM on board and to be working with the Group on an international level. We look forward to seeing what we can achieve together.’

Latest News

Inflation, market volatility, and lower than expected investment returns challenged institutional investors in the US..
BlackRock Private Markets has raised EUR774 million (USD844 million) in initial investor commitments for the..
Tradeweb Markets Inc, global operator of electronic marketplaces for rates, credit, equities and money markets,..

Related Articles

Cameron Joyce, Preqin
Alternatives data provider, Preqin has published its Fundraising for first-time managers: A guide to raising capital report...
Alternatives data provider, Preqin has published its Fundraising for first-time managers: A guide to raising capital report...
Sarita Gosrani, bfinance
Sustainable infrastructure is proving an attractive asset class for long-term investors with an eye on the green transition. According to figures from the Bloomberg New Energy Finance Renewable Energy Investment Tracker, in the first six months of 2023, investors channelled USD358 billion of new capital to renewable energy projects. ..
Sustainable infrastructure is proving an attractive asset class for long-term investors with an eye on the green transition. According to..
Leanne Clements, The People's Partnership
The short-term interests of asset managers may be trumping the long-term interests of their institutional investor clients when it comes to stewardship, which has lead UK pension funds to call for urgent action...
The short-term interests of asset managers may be trumping the long-term interests of their institutional investor clients when it comes..
Vegetables
Bucking the global trend away from impact startups, French business school EDHEC has partnered with private equity firm Ring Capital to drive capital towards entrepreneurial projects that drive social and environmental change. ..
Bucking the global trend away from impact startups, French business school EDHEC has partnered with private equity firm Ring Capital..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by