Asset owners embrace ESG
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.
The blockage of the Strait of Hormuz has left the world facing another energy crisis and warning bells of a global recession are growing increasingly shrill. Ostensibly, the crisis could also push the energy transition back as governments and companies scramble to shoulder the cost of $100 per barrel of oil and prepare for higher
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.
A PRI report finds that ESG factors are slowly becoming a bigger consideration by ratings agencies in bond markets. The PRI plans industry forums to make further progress.
Norway is looking into whether GPFG, the world’s largest sovereign fund, should take on more diversifying assets and expand its tracking error. The fund’s ESG performance is also under review.
Equity managers are skewed to potentially sub-optimal short-term investment, a new study shows, with little understanding of opportunities missed, risks ignored and hidden costs.
Investors are not getting paid for taking on carbon risk according to New Zealand Super, prompting the fund to move its global passive equities portfolio to low carbon.
The UN’s Principles for Responsible Investment is cranking up accountability for signatories, with plans to share examples of best practice and put on notice members that are below standard.
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