整合可持續分析無分對或錯，所有專業投資者各施各法，各有不同的準則，視乎客戶或受益人的要求。我們最新發表題為《七大步驟整合ESG分析 — 荷寶之策》(‘Seven steps to ESG integration – the Robeco approach’)的白皮書，首次闡述作為荷寶投資綱領重要構件的ESG投資過程，是如何築建而成。
整個進程分有七大步驟：
界定投資信念，由此將界定可持續投資策略
加入於公司架構之內，以將效益倍增
建立整合型框架，就荷寶而言，此為……
暢達頂級研究能力 — 荷寶的姐妹公司RobecoSAM
按投資過程的獨特性，將環境、社會及管治(ESG)分析整合其中
透過積極擁有權方式，提升表現，加強作為資產擁有人的問責
最後，隨著全球各種挑戰不斷重塑市場面貌，對可持續投資的要求也逐步提高
荷寶策略的核心乃建基於以下已獲得長期驗證的信念：
將ESG因素整合於投資分析和決策過程中，可讓投資決定的理據更充分；
ESG因素可發揮「風險預警雷達」的功能，在資產價值還未反映風險前率先發出警告，如此將可改善風險/回報比率
加入ESG因素分析將使評估和估值工作更全面，因而能夠早著先機發掘投資機會；以及
透過股東投票和與所投資公司的管理層積極對話，我們更有效行使股權擁有人的權利，既履行資產擁有人的責任，也在長線增添額外價值
荷寶ESG整合主管Masja Zandbergen表示：「制訂與我們的信念同出一轍的優良投資過程，並不只在於篩選投資和積極參與管理，而是將ESG資訊運用於投資過程的所有階段，包括納入於作出投資決策時所依據的投資理據和估值模型。」
提高標準
最後，隨著全球各種挑戰不斷重塑市場的面貌，對可持續投資的要求也逐步提高。可持續發展目標(Sustainable Development Goals, SDG)及盡責管理守則(Stewardship Codes)乃其中將可持續投資範疇擴大的計劃。在全球可持續投資的發展洪流中，歐洲繼續引領趨勢，而美國和亞洲也進展理想。
Zandbergen表示：「為了符合責任投資領域的更高標準，要求也持續提高。荷寶繼續與時並進，例如簽署荷蘭SDG投資議程，表明我們就達成SDG的承諾。由於這些倡議均是推動變革，企業在實踐SDG方面的參與力度，將為投資過程提供寶貴資料。」
「這是一條路線常變的旅程，但放眼大局，將讓我們作出理據更充分的決定，並可更切實地履行我們作為投資者的責任。
Important information
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