Limited data and a lack of standardised reporting in many asset classes are the biggest challenges for investment managers in the ESG arena, according to a survey.
The Russell Investments' eighth annual ESG Manager Survey spoke to 236 asset managers, where around 30% have less than $10bn in assets under management, and 33% more than $100bn. Climate change and environmental issues were found to be their clients' top ESG concern, with 68% of European managers identifying it as most important, up from 60% in 2021. However, managers are struggling to get good enough information to invest in line with a green agenda. Among fixed income firms, 41% of survey respondents said they have ESG-related data for developed market sovereign bonds, while on...
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