“CFA Institute’ plan to create a global ESG standard has triggered concern among some US and European asset managers already juggling overlapping regulations and rising costs in a crowded space.”
[COMMENTARY] These concerns are valid. It seems to me that perhaps the UN’s PRI should get involved with all the standards-setting organizations to coordinate the standards. A UN body just might be the best vehicle for doing that.
Asset managers complain over CFA’s proposed ESG standards, by Caroline Byrne, December 2, 2020, Corporate Secretary, USA.
Canadian ESG Assets Surge to $3.2 Trillion. “According to the latest available data, RI assets grew from $2.1 trillion at the end of 2017 to $3.2 trillion as at December 31st, 2019. This represents a 48% increase in RI assets under management (AUM) over two years. These figures reflect assets that fall into seven different RI strategies or categories including ESG integration, shareholder engagement, negative screening, norms-based screening, positive screening, thematic ESG investing, and impact investing.”
[COMMENTARY] In Canada, as in the US and around the world, ESG assets are surging! ESG is mainstream now.
Canadian ESG Assets Surge to $3.2 Trillion, press release, November 25, 2020, Responsible Investment Association (RIA), Canada.