More institutional investors use ESG factors but firms' disclosure found wanting: EY
Survey shows a jump to 68% in ESG-driven respondents last year, up from 52% in 2015 and 58% in 2013
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Singapore
INSTITUTIONAL investors are increasingly using environmental, social and governance (ESG) factors in their investment decisions, but are finding companies sorely lacking in their non-financial disclosure. Even among companies which do disclose this, information shared is often different and therefore does not allow for comparison, a EY report has found.
EY last year surveyed over 320 institutional investors - of which a third manage more than US$10 billion in assets - on the importance of non-financial performance and ESG practices of companies. It did similar surveys in 2015 and 2013.
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