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Sea change in commitment to sustainability among funds

Momentum is building in environmental stewardship. MAS has alerted the industry that guidelines are imminent on environmental risk management for asset managers

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Genevieve Cua

Genevieve Cua

Published Sun, Jan 10, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    IN the space of two to three years, a sea change in commitment to sustainability and stewardship has engulfed the asset management industry - and that is a good thing.

    As recently as 2018, a column by this author found a divide in the stance towards sustainability and ESG (environmental, social and governance) investing between larger firms with a global presence and smaller firms.

    At that time, giants such as BlackRock and Amundi had a few years' headstart embedding ESG into the portfolio management process. Smaller firms were only starting, if at all, citing a dearth in demand.

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