Tenax Capital, the London-based hedge fund investment manager that runs a catastrophe bond strategy, has joined the insurance-linked securities (ILS) industry working group focused on improving the environmental, social and governance (ESG) transparency in the ILS market.
Tenax Capital has joined the ILS ESG Transparency Initiative and highlighted its commitment to integrating ESG considerations into its investment processes.
As we reported recently, the creation of the ILS ESG Transparency Initiative came as a Switzerland-based working group of ILS managers focused on ESG transparency welcomed its first international members.
THE Switzerland-based insurance-linked securities (ILS) investment fund managers have established a working group to develop a data transparency proposal to advance environmental, social and governance (ESG) in the ILS market.with the initiative informally known as the Zurich ILS Working Group.
The founding members were Credit Suisse Insurance-Linked Strategies; LGT ILS partners; Investments of the Plenum; Schroders Capital ILS; Solidum Partners; and Twelve Capitals.
The expansion and rebranding to ILS ESG Transparency Initiative saw the following new members join: AXA Investment Managers; Leadenhall Capital Partners; SCOR investment partners; Securis Investment Partners; and Tangence Capitale.
Now Tenax Capital can also be added to this list.
Tenax Capital noted that the ILS ESG Transparency Initiative currently has some of the largest and most respected ILS managers among its members.
“The main scope of the initiative is to improve and standardize ESG disclosure and data related to ILS transactions, with the aim of strengthening transparency with regard to the risks covered and the ultimate beneficiaries of the coverage,” a said Tenax Capital.
Adding: “At Tenax, we are committed to making ESG considerations a key driver of our investment management process, and we are actively working to raise awareness of ESG within our investment community and in the broader markets. »
ESG investing and the opportunities it presents remain an area of interest for the insurance-linked securities (ILS) market.. Read more of our ideas on this topic here.