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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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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