The independent investment committee

Made up of the independent investment committee - pending between 11 and 12 members - and with the support of the ÖKOWORLD sustainability research team, the committee of independent experts examines the proposed companies, selects investments for the investment universe for ÖKOVISION funds and monitors these on an ongoing basis. The board includes representatives from environmental, human rights and consumer protection organisations, as well as experts in ecological matters and socially responsible business development.

History

In 1988, our own bank was founded after five years of preparatory work on the eco scene: Ökobank, the ideal partner for versiko, a sustainable investment consultancy company that had already been active in this field for 15 years. The versiko and ÖKOWORLD founders, Alfred Platow and Klaus Odenthal, had developed the idea of investing their customers' money in a socially, ethically and ecologically aware fund. However, there was no such suitable product on the market. And so these pioneers decided to create their own fund and developed the first positive and negative criteria for company selection. The birth of the global equity fund ÖKOVISION drew nearer. Together with "Freundeskreis ökologisches Investment e. V.", the implementation of the project to establish a credible, clean ecological investment fund began to take shape in 1990.

The members of the first investment committee for ÖKOVISION, who at the time didn't know that the fund would be called this, came together at their own initiative in 1992. The profile of the ÖKOWORLD ÖKOVISION CLASSIC investment fund, established in 1996, began to rise. Further funds from the ÖKOWORLD stable followed, applying the strict ÖKOVISION approach. Today, the investment committee consists of eleven independent experts. The tasks of the independent committee for ÖKOVISION are characterised by a particularly high level of responsibility and obligation towards investors. 

Inclusion in the investment universe

The ÖKOWORLD principle completely separates portfolio management and fundamental analyses from sustainability research. The portfolio managers only invest in investments that have been approved and included in the investment universe on the basis of pre-defined social, ethical and ecological criteria. The Sustainability Research Team therefore checks all companies that qualify for inclusion in the investment universe for each of the ÖKOWORLD funds in advance in order to form the core basis for the investment process. Based on positive and negative criteria, the sustainability analyses provide a graded picture of investment profiles for all ÖKOVISION funds for the members of the independent investment committee.  The investment committee is then responsible for selecting companies for inclusion in the investment universe for ÖKOVISION funds.

Members

Dr. Sascha Dickel, Mainz,

is a scholar in science and technology studies. At the Johannes Gutenberg University Mainz he investigates the social implications of digital innovations and new modes of public participation. He is also a fellow at the Institute for Ecological Economy Research in Berlin. Sascha Dickel assesses social, technological and ecological pathways into a sustainable future.

Aktuell leitet Sascha Dickel ein Projekt zur Demokratisierung der Wissenschaft. Seine jüngsten Arbeiten diskutieren das Verhältnis von Technik und Natur sowie die Konsequenzen digitaler Technologien.

Dr. Hans-Joachim Döring (Magdeburg)

is the representative for development and the environment for the Evangelical Church in Central Germany. He studied theology and education, and was a committed participant in the civil rights movement and the independent 'Third World scene' in the GDR. Amongst other actions, in 1982 he was the co-initiator of the Monday prayers in the Nikolaikirche (St Nicholas church) in Leipzig.

He worked as the head of the ecumenical network INKOTA and the foundation Nord-Süd-Brücken (North-South Bridges), as well as at the Kirchliche Forschungsheim (Ecclesiastical Research Centre) in Lutherstadt Wittenberg. His main area of interest lies in projects that promote social development in harmony with the capacities of the surrounding eco-systems.

Dr. Christine Füll (Rome)

is a biologist and ecotoxicologist. She has worked in the field of hazardous chemicals and pesticide risk assessment since 1996, working initially for the Advisory Committee on Existing Chemicals (Frankfurt am Main, Germany), then for the German Federal Environmental Agency (Berlin, Germany), the Helsinki Commission (Helsinki, Finland) and the European Food Safety Authority (Parma, Italy).

Since 2010 Christine Füll has headed up the Rotterdam Convention Secretariat within the UN’s Food and Agriculture Organization (FAO) in Rome, Italy. The aim of this convention on the trade of hazardous chemicals and pesticides is to promote shared responsibility and cooperative efforts among the parties to the convention, in order to protect human health and the environment from potential harm.

Dr. Christiane Gerstetter, Berlin

Christiane Gerstetter is a lawyer. She works as a Senior Fellow at Ecologic Institute, a not for profit environmental think tank in Berlin, on research and consultancy projects for a variety of political institutions in Germany and at the EU level. Her focus is on international trade policy, transformation towards sustainability as well as EU environmental law.

She has been involved since high school in grass-root political groups, social movements and NGOs  - often dealing with issues of global justice. Currently, her focus is on climate-related activism.

Univ.-Doz. Mag. Dr. Christine Jasch (Vienna)

is the founder and director of the Institute for Ecological Economy Research in Vienna (Institut für ökologische Wirtschaftsforschung - IÖW).
A tax consultant by profession, she has been a certified environmental verifier in accordance with the EMAS Regulation, ISO 14001 and GRI since 1995.

She was the deputy chair of the Austrian ISO 14000 Standardisation Committee for Environmental Management and is a university lecturer in applied environmental economics and environmental management. From 1995 - 2018 she chaired the committee for environmental matters and sustainable development of the Chamber of Chartered Accountants in Austria, which each year highlights the best environmental and sustainability reports.
From 2000 to 2005 she was a member of the United Nations Working Group on Environmental Management Accounting and developed guidelines for environmental and material flow cost accounting for both this working group and the International Federation of Accountants (IFAC). Since September 2011 she has been responsible for the expert assessment of sustainability reports and certification of environmental management systems for Ernst & Young’s Climate Change and Sustainability Services in Vienna.

Uwe Kleinert (Geography, M. A.) (Heidelberg)

works for Werkstatt Ökonomie e.V., with a particular focus on the subject area of 'business and human rights'. For the last few years he has been coordinating a project on the enforcement of fundamental working standards in the supply chain of German toy manufacturers.

Since 2013 he has acted as a specialist promoter of sustainable public procurement and corporate social responsibility in Baden-Württemberg. He is a member of the Management Board of the umbrella association Dachverband Entwicklungspolitik Baden-Württemberg (Baden-Württemberg Development Policy – DEAB) and represents the latter on the Baden-Württemberg regional government’s council for development cooperation.

Adjunct Professor Duke University, Dipl.-Ing. R. Andreas Kraemer (Co-Vorsitzender), Berlin and Lisbon

Is an environmental engineer and founder of Ecologic Institute, an independent non-profit think tank for international and European environment and sustainability policy.  He serves on the board of directors of the Oceano Azul Foundation, which operates the Lisbon ocean aquarium and supports the protection and ecologically sustainable use of the ocean and its resources.

Also in his role as Visiting Assistant and Adjunct Professor at Duke University, NC, Andreas Kraemer focuses on bringing fresh and useful ideas to environmental policy, development towards sustainability, and to improve the practice of environmental management.  His work centers on ways to strengthen the weight of environment, conservation and sustainable resource management in policy, international relations, and global governance.

Dr. Martin Kunz (Co-Chairman) (London)

is a political scientist and Anglicist. He is an expert in fair trade with disadvantaged producer groups and on minimum social standards in international retail in general. He is the executive secretary of the Fair Rubber Association and has a small company importing honey from Asian honey bees. He is also involved with various other international bee related Non Governmental Organizations to promote biodiversity.

He has over 30 years' experience in fair trade and, amongst other activities, was part of the first supervisory board for gepa and was the first CEO of the Fair Trade seal initiatives TransFair International (TFI) and Fairtrade Labelling Organization (FLO) International. He developed the first criteria for the Fair Trade seal for tea and for fairly traded sports balls. His current primary focus is the supply chains for fairly traded rubber, cotton and animal fibre products (sheep’s wool, raw silk etc.).

Prof. Dr. Chistian Thorun (Berlin)

is the founder and managing director of the Institute of Consumer Policy (ConPolicy). He is a recognized expert in consumer policy and he advises the German government and European Commission on consumer issues. Before founding the institute, he was active at the Federation of German Consumer Organizations (Verbraucherzentrale Bundesverband eV) in Berlin.

Christian Thorun studied and received his doctorate at Oxford University in the Department of International Relations. In addition to his management duties, Christian Thorun works as a Professor of Political Science, International Relations and Public Affairs at the Quadriga University of Applied Sciences Berlin. Additionally, he is an advisory board member of the Association for Self-Regulation of the Information Economy (SRIW) and he is an associate member of the Think Tank 30 - a network of young people under the umbrella of the German Society of the Club of Rome.

Dr. Frank Musiol (St Augustin)

is an energy expert. Within the Federal Committee for Climate and Energy at NABU (Naturschutzbund Deutschland – Nature and Biodiversity Conservation Union), Frank Musiol is an expert on all energy issues, specialising in renewable energies.

His main job is in the 'Systems Analysis' division at the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (Zentrum für Sonnenenergie- und Wasserstoff-Forschung Baden-Württemberg – ZSW), which looks at strategies and scenarios for converting our energy supply systems to renewable energies, combining economic and ecological objectives and the effectiveness and efficiency of funding programmes. In this role he advises policymakers from the worlds of politics, administration and business. As the head of the Working Group on Renewable Energies – Statistics (Arbeitsgruppe Erneuerbare Energien-Statistik – AGEE-Stat) established by the Federal Ministry for Economic Affairs and Industry (Bundesministerium für Wirtschaft und Energie - BMWi), he is responsible for monitoring the development of renewable energies in Germany.

Dipl.-Ökonomin Claudia von Fersen (Frankfurt am Main)

is an energy and environmental expert. She works as an energy economist at KfW Development Bank, where she is an expert on the funding of renewable energies and energy efficiency in emerging and developing countries.

Claudia von Fersen has performed voluntary work related to social projects and climate protection for over 20 years, including as the co-founder of Ökobank, where she also spent many years as an advisor and member of the supervisory board. Since 2000, she has been on the executive board of an environmental foundation in the German state of Hessen. She has a particular interest in the links between social issues and ecology.

Prof. Dr. Angelika Zahrnt (Neckargemünd)

is a sustainability expert. Angelika Zahrnt is a qualified economist and systems analyst. She has been active on a freelance basis in the women's and ecology movements and in local politics, and was chair of Friends of the Earth Germany (Bund für Umwelt und Naturschutz Deutschland – BUND) between 1998 and 2007, and is now the honorary chair.

From 2001 to 2013 she was a member of the Council for Sustainable Development. She sits on a number of committees, including the Scientific Advisory Board at the Oekom ratings agency and as a fellow at the Institute for Ecological Economic Research (Institut für Ökologische Wirtschaftsforschung - IÖW). She has conducted academic research and published on the subjects of ecological tax reform and sustainability. Angelika Zahrnt initiated the 'Zukunftsfähiges Deutschland' study ('Sustainable Germany'). In 2009 she was awarded the German Environmental Prize from the German Federal Foundation for the Environment (Deutsche Bundesstiftung Umwelt – DBU). In 2013 she was awarded the German Federal Order of Merit, first class, having already received the German Federal Cross of Merit on Ribbon in 2006.