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Laxman Pai, Opalesque Asia: Most investment managers have an environmental, social, and governance (ESG) policy and incorporate ESG throughout their investment platforms, according to Callan's inaugural 2023 Asset Manager ESG Study.
"77% integrate ESG research across their investment platform and 74% have adopted a firmwide ESG policy," pointed out the report that surveyed more than 1,200 managers of public and private asset classes worldwide. Just over 80% were U.S. firms and 60% managed less than $10 billion, while 11% managed more than $100 billion as of March 31.
According to the ESG Study, 69% purchase access to third-party ESG data and 59% of equity managers maintain proxy voting policies that specially address ESG issues.
Meanwhile, 50% of asset manager identify equity as their primary asset class-the study includes public equity, fixed income, real estate, and private equity.
41% employ full-time, dedicated ESG professionals, and 39% publish a quarterly or annual sustainability or ESG report, according to the study.
"After publishing an ESG survey of asset owners for a decade, we decided to take a different tack this year," said Tom Shingler, senior vice president and ESG practice leader at Callan. "This study, which leverages asset manager responses to Callan's ESG questions about how their firms integrate ESG factors into their investment process, is the baseline in our benchmarking as we analyze trends over time.&q...................... To view our full article Click here
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