More Than Half of Top 50 Asset Managers Developing Internal ESG Ratings
Forty percent of world’s largest asset managers still use at least four external ESG research and ratings providers, shows new research 08 March 2021
Garnet Roach of IR Magazine covers in depth SquareWell’s latest study looking at how the world’s largest asset managers approach ESG, engagement and activism.
As highlighted by Garnet, the world’s biggest asset managers are increasingly looking to develop their own proprietary ESG ratings and tools to lessen their dependence on ratings firms. SquareWell finds that 20 of these 50 asset managers use data from at least four different ESG ratings agencies, such as MSCI and Sustainalytics. At the same time, 30 have now developed their own, proprietary internal ratings system – findings that no doubt add to the pressure on companies to not only report on ever-increasing ESG metrics but also to fill out ratings agency questionnaires.
You can access the full article here.
