In its second biennial survey of global asset managers on environment, social and governance (ESG) issues, Aviva Investors’ multi-manager research team has found that there is widespread acceptance that ESG factors are integral to the investment process.
Aviva Investors received responses from 60 asset managers, with total assets of more than £5 trillion. From a demand perspective, 88% of fund managers and analysts believe ESG factors to be important to their clients. From an investment perspective, 70% state that risk management is the top driver for integrating ESG into mainstream investment processes.
The survey reveals that progress has been made in terms of the number of respondents who are signatories to the UN Principles for Responsible Investment which is up to 67% in 2014 from 48% in 2012. Respondents with a dedicated ESG resource stand at 65%, an increase from 42% in 2012, with 68% subscribing to an ESG information provider. This is an increase from 55% in 2012.
The multi-manager survey also reveals that 37% of respondents have someone at the executive board level with responsibility for ESG, a figure which has remained largely unchanged since 2012.
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