JPES Partners' Donohoe: Investment industry faces a perfect green storm

Industry under greater scrutiny than ever before

Climate-tilted funds are misaligned with the goals of the Paris Agreement, 2050 net-zero goals already seem outdated and ex-employees are publicly questioning their former employers’ true ESG credentials.

The investment industry is facing far greater scrutiny than ever before with regards to ESG. All of which has set the industry up for a perfect storm - and that was before a third of asset managers failed to meet the Financial Reporting Council's criteria for being a signatory to the UK's revised Stewardship Code. JPES Partners' fourth annual Asset Management Trends Report, which surveys changing perceptions among asset managers who collectively manage $12trn of assets, has shown that a fear of greenwashing - or rather of being seen to greenwash - runs deeply through these firms. O...