Tenax Capital joins ILS ESG Transparency Initiative working group

Tenax Capital, the London based hedge fund investment manager that operates a catastrophe bond strategy, has joined the insurance-linked securities (ILS) industry working-group that focuses on enhancing environmental, social and governance (ESG) transparency in the ILS market.

Tenax Capital joined the ILS ESG Transparency Initiative and noted its commitment to incorporating ESG considerations into its investment processes.

As we reported recently, the formation of the ILS ESG Transparency Initiative came about as what was a Swiss-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 created the 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; Plenum Investments; Schroders Capital ILS; Solidum Partners; and Twelve Capital.

The expansion and renaming to the ILS ESG Transparency Initiative saw the following new members joining: AXA Investment Managers; Leadenhall Capital Partners; SCOR Investment Partners; Securis Investment Partners; and Tangency Capital.

Now, Tenax Capital can also be added to that list.

Tenax Capital noted that the ILS ESG Transparency Initiative currently counts some of the largest and most respected ILS managers as members.

“The primary scope of the initiative is to improve and standardise the ESG disclosure and data related to ILS transactions, in an effort to enhance transparency with respect to covered risks and ultimate beneficiaries of coverage,” Tenax Capital said.

Adding that, “At Tenax we are committed to make ESG considerations a key driver of our investment management process, and we actively work to raise awareness of ESG within our investor community and the broader markets.”

ESG investing and the opportunities it presents remain an area of focus for the insurance-linked securities (ILS) market. Read more of our insights on this topic here.