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Laxman Pai, Opalesque Asia: A new global survey shows employment trends reflect rising attention on sustainable investing, as momentum continues toward net-zero initiatives and reporting on ESG metrics and diversity increases.
75% of participants added dedicated ESG personnel in the past year across various functions such as ESG teams (23%), data integration and analytics (10%), stewardship (9%), and equity investment (7%), said the ninth-annual ESG Manager Survey by Russell Investments, which offers valuable insights into the evolving landscape of ESG practices within the investment management industry.
Compliance emerged as a frequently added role under the "other" category for new ESG roles, it said.
The survey, which featured responses from 169 asset managers that represent $20 trillion in assets under management, revealed that there is rising demand for ESG-specific compliance due to increasing regulatory requirements, primarily in the UK and Europe.
"Active ownership has become the top ESG information source. A significant shift was observed, where only 7% claimed that ESG factors do not influence investment decisions, down from 22% in 2022," it said.
ESG considerations such as materiality to reduce security risk (26%), ability to drive positive returns (19%), governance concerns (19%), climate risk (15%), and social risk (15%) prominently shape investment choices.
66% of managers reported ESG metrics for all funds, an increase from 59% in 2022. Ca...................... To view our full article Click here
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