5 November 2007 Innovest Strategic Value Advisors is pleased to announce that the UN Environment Program’s Finance Initiative has selected Innovest as the recipient of the “Innovation and Contribution to Carbon Finance” Award. Innovest received the special award at the United Nations Environment Program Financial Initiative (UNEP-FI) Global Roundtable in Melbourne, Australia on Oct 24.
The award was given in recognition of three particular contributions from Innovest:
· Writing each of the five global reports for the Carbon Disclosure Project since its inception
· Developing the Carbon Beta risk model to analyze companies’ net financial risk exposure from climate change, and applying it to 1,500 companies worldwide
· Developing (with JP Morgan ) the world’s first “climate risk-adjusted “ bond index, based on Innovest’s Carbon Beta model
For more information about Innovest’s work in Carbon Finance, please contact Pierre Trevet, Director of Carbon Finance Email: ptrevet@innovestgroup.com