Investors urge fund managers to sell shares in firms with poor ESG records

More than half of investors would ditch a company for poor ESG records

Investors will turn their back on a company if they are failing to drive sustainability and broader ESG adoption, a Natixis Investment Managers survey has shown.

The survey of more than 8,550 individual investors across 24 countries, found that 53% would sell a stock to send a message to a company that it has poor ESG performance.  Similarly, 55% of those that took part in the survey said that fund managers should also sell shares in companies that have poor ESG records.  "Increasingly, individual investors believe the ESG investment decision-making process should involve all of the parties in investing, including financial advisers, fund managers and investors themselves," said Dave Goodsell, executive director, Natixis IM Center for Investor...