Are asset managers delivering on their ESG claims?
"Lane Clark & Peacock’s (LCP) biennial investment survey of 120 major UK-based investment management firms finds a disappointingly small number have put in place comprehensive approaches to responsible investment, particularly when it comes to managing climate-related risks.
While the survey found some increased consideration of ESG issues and improvement in attitudes compared to the survey two years ago, only 8% of the 120 investment managers received the top score compared to 20% awarded the lowest.
Some 78% of respondents said they were PRI signatories – a substantial improvement on the 66% recorded in the 2015 survey. "
[COMMENTARY]And it is the UK and Europe that lead in the adoption of ESG. So, what is likely the situation in North America? It’s clear that while the adoption of ESG issues is growing, it’s still not a high priority for investment managers.
Are asset managers delivering on their ESG claims? By Victoria Ticha, March 16, 2018, Professional Pensions, UK.