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Laxman Pai, Opalesque Asia: According to the latest report from Ninety One, a global investment manager with $154 billion in assets, 60 percent of asset owners in North America has made ESG investing a strategic goal.
The study surveyed 300 senior professionals at global asset-owner institutions and advisors including pension funds, insurers, endowments, foundations, central banks, sovereign wealth funds, and consultants.
"Our survey shows that among the asset owners with climate-related targets, 48% set them at the overall portfolio level, while 46% set targets for specific mandates, portfolios, or funds. Only 28% set their targets at asset-class level," the report titled 'Planetary Pulse Report' said.
The survey found that 60% of asset owners say fighting climate change is one of their fund's strategic objectives, with 51% saying their fund has emissions-reduction targets in place. This shows most are doing something in response to climate-related risks and opportunities.
The findings are less positive when looking for real-world impact. Only 19% say they use transition finance to any extent. Fewer still say their fund invests in transition-finance assets in emerging markets (16%), the regions where emissions and populations are growing the fastest.
For the majority (87%), no more than half of their organization's AUM falls under climate-related strategies, and 46% have no more than a quarter in these portfolios.
Additionally, only 11% have f...................... To view our full article Click here
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