Clarity enhanced in sustainability evaluation.
MyFairMoney, an online platform launched by the 2° Investing Initiative in October 2020, is set to expand its services this October, targeting the European market. The platform aims to support both investors and financial advisors with a comprehensive questionnaire to meet the growing demand for sustainable investing.
The questionnaire is designed to identify sustainability interests and incorporate them into investment decisions. It will be optimized to address new regulatory requirements and improved based on user feedback. MyFairMoney provides information about the sustainability profiles of over 6,300 investment funds, offering users a more detailed and nuanced understanding of their investment options.
One of the key features of the updated platform is the consideration of fund companies' voting behavior (engagement). This allows users to make informed decisions about how their investments are influencing corporate governance. Another new feature is the percentage of companies involved in controversial topics in a fund's volume, providing greater transparency for consumers.
MyFairMoney also plans to use the questionnaire as a benchmark for sustainability interests and intends to introduce a historical consideration of the Paris score to make the development of individual funds traceable on the platform. This addition aims to help users understand the long-term impact of their investments on climate change.
According to Managing Director Jakob Thoma, there is a need for more transparency for consumers, and opinions on individual aspects of sustainable investing are divided. The consumer survey indicates that users who rate a topic as very important demand a complete exclusion without tolerance thresholds. This shows a stricter standard set by consumers compared to providers, who often act more pragmatically and orient themselves more towards the current requirements of institutional investors.
MyFairMoney will be available to investors in 27 additional European countries, making sustainable investing more accessible to a wider audience. The international version of the platform will provide users with a comprehensive understanding of the sustainability profiles of investment funds, empowering them to make informed decisions that align with their values.
For more detailed information about MyFairMoney's updates and plans, it is recommended to consult their official communications or website directly, as the current search data does not cover these aspects in depth. However, it is clear that MyFairMoney is committed to providing a platform that supports sustainable investing and offers transparency to consumers.
Environmental science plays a crucial role in the developments made by MyFairMoney, as they strive to incorporate sustainability interests into investment decisions. Furthermore, users can now compare the financial performance of various investment funds with their environmental-science impact, allowing them to invest in a more sustainable manner. Additionally, users have the option to consider the voting behavior of fund companies and the percentage of companies involved in controversial topics within a fund, offering a more comprehensive understanding of their investments' influence.
