LONDON, UNITED KINGDOM, OCTOBER 3, 2016 – The RFI Foundation (RFI) and Magni Global Asset Management LLC (Magni) today announced that together they will research the strategies employed by responsible financial institutions of all types to integrate governance factors into their financial decision-making. The research will build on Magni’s model for corporate governance to enable qualitative evaluation of key shared values used in Islamic finance and other forms of responsible finance. The research will lead to a better definition of the values that underpin the diverse practices that make responsible finance attractive in diverse environments.
Blake Goud, CEO of RFI, heralded the research efforts, “It has been our mission to identify principles and solutions used across responsible finance sectors to support equitable, inclusive and sustainable economic development. Magni’s research shows that governance cuts across faith lines; its qualitative analysis helps identify the shared values that guide the practical approach to Islamic finance and traditional responsible investing.
Kurt Lieberman, CEO of Magni, says that Magni’s governance expertise can easily be extended to enhance the work of RFI, and can bring responsible finance and Islamic finance closer. “I am excited that Magni partnered with such a prestigious organisation. We look forward to helping RFI create greater inclusion of the values reflected in good governance into investment decisions.”
Goud added that, “As the geographical footprint of Islamic finance and other forms of responsible finance begin to overlap, there is a growing opportunity for all types of responsible finance to identify practices to address shared values. Our research with Magni will be a first step in expanding cooperation between different forms of responsible finance.”
About RFI Foundation
The RFI Foundation is a non-profit organisation with a mission to identify a neutral, nonpartisan and universal value proposition that encourages convergence of responsible finance practices. RFI evolves Sustainable, Responsible, Impact Investing (SRI), Environmental, Social and Governance (ESG) and the Islamic finance sectors towards a convergence of their shared standards, and engages stakeholders to build the responsible finance industry as a catalyst to support equitable, inclusive and sustainable economic development.
Visit us at www.rfi-foundation.org or follow us on Twitter @RFIFoundation
About Magni Global Asset Management
Magni Global Asset Management LLC is the leader in country-level research on corporate governance. Magni developed the Sustainable Wealth Creation principles, based on widely accepted economic concepts, by researching the accounting, legal, regulatory, adjudicative, and economic infrastructures of countries. Its extensive database goes back 15 years and contains analysis on countries across 280 qualitative factors. The Minnesota-based research and asset management firm believes Countries Matter™ when investing internationally. Magni scores and ranks investible countries on their ability to provide an environment conducive to effective corporate governance. Magni uses this information to construct investible portfolios using its proprietary Country Selection Technique. Portfolios built using this process have consistently outperformed their benchmarks since inception.