The Responsible Asset Allocator Initiative (RAAI) at New America seeks to mobilize large pools of capital toward responsible investing, and supports the United Nations Sustainable Development Goals (SDG). The RAAI focuses on Sovereign Wealth Funds (SWF) and Government Pension Funds (GPF)—a group of institutional investors that have the scale, scope, and inclination to make a positive impact in this space.

As part of the RAAI, New America partnered with the Fletcher School at Tufts University to analyze and rate almost 200 sovereign wealth funds and Government pension funds against principles and criteria for responsible and sustainable investing. RAAI constantly seeks to refine its processes and outputs. As a result, researchers increased the number of criteria for evaluation from 12 in 2017 to 20 in 2019 with two criteria per each of the 10 principles: Disclosure, Intention, Clarity, Integration, Implementation, Commitment, Accountability Partnership, Standards, and Development.

By assessing and scoring the performance of asset allocators against these principles, and highlighting the performance of the Leaders (the 25 highest scoring sovereign wealth funds and government pension funds), RAAI provides a benchmark of peer excellence that serves as a catalyst for responsible investing among the broader community.

Acknowledgments

Author

Partners

The Fletcher School at Tufts University

Team

Tomicah Tillemann, Chairman, Responsible Asset Allocator Initiative at New America

Scott Kalb, Director, Responsible Asset Allocator initiative at New America

Research/Fund Reviewer

Patrick Schena, Adjunct Professor, Co-head SovereigNet, The Fletcher School at Tufts University

Dia Banerjee, Master of Law and Diplomacy, The Fletcher School at Tufts University

Katie Panella, Master of International Business, The Fletcher School at Tufts University

Shrinal Sheth, Master of International Business, The Fletcher School at Tufts University

Anuradha Gurung, Senior Consultant, KLTI Advisors

Julia Rhodes, Program Assistant, Blockchain Trust Accelerator

Qiuyun Shang, Fellow, Blockchain Trust Accelerator

Technical Support

Maria Elkin, Deputy Director of Communications, New America

Zachary Schwartz, data visualization

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