2 Nov 2016
Investment firm Breckinridge Capital Advisors in the United States has announced plans to redesign the framework they use to integrate environmental, social and governance (ESG) analysis into their municipal credit research of cities and counties. They have recognized the Social Progress Index as a potentially useful tool for investors to assess where to allocate capital in the U.S. municipal bond market.
Excerpt from their recent newsletter: “A broad review of the thought leadership on inclusiveness and social progress exposed us to a wealth of information, including the Social Progress Index (SPI). The SPI is a globally recognized framework that aims to guide policymakers, nonprofit leaders and businesses in driving greater prosperity. We felt that the SPI was especially well-aligned with our perspectives, and it helped inform the structure of our framework.”