Asset Managers Facing More Scrutiny on ESG Issues
How the 50 largest asset managers approach ESG and corporate governance and the pressure on them to do more is the subject of a forthcoming report by SquareWell Partners in London. 26 February 2021
Hazel Bradford of Pensions & Investments covers SquareWell’s latest study looking at the world’s largest 50 asset managers’ approach to ESG, engagement and activism.
The article highlights that the demands on asset managers to consider ESG issues and be more transparent has created a chain of scrutiny, with ultimate accountability falling on the shoulders of asset managers.
According to SquareWell’s study, more than half, 27, support the Sustainability Accounting Standards Board reporting framework. On climate change, most of the 50 support the Task Force on Climate-related Financial Disclosures reporting framework, and 36 are members of Climate Action 100 Plus. Only nine of the managers are part of the Net Zero Asset Managers Initiative that supports the goal of net-zero greenhouse gas emissions by 2050 and calls for companies to disclose clear plans for transitioning to a low-carbon economy.
The full article can be accessed here.
