Clarity in sustaining analysis has been enhanced.
MyFairMoney, the online platform for sustainable investing operated by the think tank 2° Investing Initiative, has announced several updates and expansions to its service.
Launched in October 2020, MyFairMoney has been making continuous improvements and optimizations based on feedback and suggestions from consumers and providers. The platform aims to provide transparency to both investors and financial and bank advisors in the rapidly increasing sustainable investment market.
One of the key updates is the improvement of MyFairMoney's sustainability questionnaire. This questionnaire will serve as a benchmark for sustainability interests and aims to support both investors and financial and bank advisors in identifying the sustainability interests of consumers and taking them into account in their investment decisions.
The questionnaire will also provide information about the sustainability profiles of over 6,300 investment funds. Users can now see the percentage of companies involved in controversial topics in the fund's volume, moving away from a simple "yes-no" distinction.
MyFairMoney is also expanding its reach in the European market. In October 2021, the platform will be available to investors in an additional 27 European countries. This expansion is in response to the growing demand for sustainable investment products, which is outpacing the supply in Germany and other European countries.
The platform will also consider the voting behavior (engagement) of fund companies in the future, as part of its ongoing commitment to transparency and sustainability.
According to Managing Director Jakob Thoma, there is a need for more transparency for consumers in the context of sustainable investing. He also noted that there is a divide in opinions on individual aspects of sustainable investing, with consumers setting stricter standards for exclusion criteria than providers, who often act more pragmatically.
The platform will also implement a historical consideration of the Paris score to make the development of individual funds traceable. MyFairMoney will continue to optimize its services based on new regulatory requirements and will introduce additional features and offers in the future.
For the most accurate and detailed information about MyFairMoney's updates and developments, we recommend checking the official MyFairMoney website, their press releases, or recent announcements directly from the company.
The finance sector will benefit from MyFairMoney's improved sustainability questionnaire, as it will offer more detailed insights into consumers' sustainability interests and the sustainability profiles of investment funds. By considering the voting behavior and historical Paris scores of fund companies, MyFairMoney demonstrates its ongoing commitment to transparency and sustainability in investing.
