All Street Research publishes report: The Voice of the Financial Industry – Prepare for a 2°C World

All Street Research (“All Street”), a leading financial technology company redefining  sustainability research through the application of artificial intelligence, has today published a  landmark report ‘The Voice of the Financial Industry’ – with the key finding that the financial  industry must prepare for a world where global temperatures rise above 2°C. The report offers  10 crucial recommendations for the financial services sector, taking into account contributions from 30 leading ESG investment professionals.

All Street interviewed a cross-section of the financial industry to gain insight from a range of  voices, including professionals from both the buy side and sell side and institutions of different sizes. Leading financial professionals at Aegon Asset Management, Lloyds Bank, DWS, Amundi, AllianceBernstein and Piper Sandler & Co are among those to have contributed to  the findings, alongside other investment banks, asset managers, financial planners,  commercial banks, insurers and pension funds.

The report finds that most financial institutions believe global temperatures will rise above 2°C, and outlines how capital should be reallocated according to this base scenario. Among its 10 recommendations, the report urges the financial sector to build climate adaptation into  portfolios, take account of more fiduciaries, perform comprehensive sustainability  assessments, and press for government action on climate change.

All Street was established to drive drastic change to a more sustainable financial system. In  line with its commitment towards the planet, the company initiated this project to bring together  the financial specialists that are leading climate change efforts from within the industry.

Emanuela Vartolomei, CEO and Founder of All Street, said: “Following the UN’s COP26  conference, I am delighted to share our report’s recommendations for the financial sector. As  this report proves, the industry must urgently prepare for a world where temperatures rise  above 2°C. All Street is determined to help the sector achieve this by redefining sustainability  research and bringing unprecedented hyperscale to sustainability assessment. Recently we  launched Sevva, the world’s first AI platform to provide real time ESG ratings for any public or  private company, based on the UN Sustainable Development Goals.”