Board, ESG staff need good harmony
When fund trustees and internal environmental, social and governance staff have an open, collaborative relationship, information flows more efficiently and difficult issues can be addressed.
Speaking at the PRI in Person in Paris in a panel to highlight the role of finance in addressing social issues, Ghanaian James Kofi Annan, sold into slavery at the age of six, told his story.
When fund trustees and internal environmental, social and governance staff have an open, collaborative relationship, information flows more efficiently and difficult issues can be addressed.
The largest fund in the US, the California Public Employees’ Retirement System, the largest fund in Europe, ABP, and a fast-growing Australian fund, Cbus Super, have all adopted the SDGs.
There is momentum on the continent towards a sustainable financial system but a short-term economy persists. Stakeholders think the classic metrics of success may need to change.
Leading asset owners have integrated ESG into their investment policies and processes in order to harness the opportunities of global systemic drivers, a panel of investors told PRI in Person.
Three managers presented their wares in mock mandate pitches at the PRI in Person, meant to show how leading asset owners assess their managers’ investment practices and integration of ESG.
For many asset owners, persuading their trustees to adopt an ESG strategy can be a challenge. The ESG strategy of one of the UK’s biggest pension funds, the $65 billion BT Pension Scheme, became more serious with the realisation that the scheme’s sponsors and beneficiaries were more interested in the area, said Daniel Ingram, head of
PRI in Person