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By Tom Arnold
LONDON (Reuters) â Around a third of central banks and sovereign wealth funds have raised their focus on environmental, social and governance issues over the past year as the COVID-19 pandemic highlighted issues ranging from carbon emissions to inequality, an Invesco survey found.
A total of 63% of central banks responding to the survey felt tackling climate change fell within their mandate, with nearly half believing that mitigating the consequences of climate change should be a monetary policy objective.
In the latest step by a major central bank to curb carbon emissions, the European Central Bank said last week it will take greater account of climate change in its core policy decisions.
Sovereign asset managers raise ESG focus in wake of COVID-19, finds Invesco survey
Photo by Micheile Henderson on Unsplash
July 12, 2021
Around a third of central banks and sovereign wealth funds have raised their focus on environmental, social and governance issues over the past year as the COVID-19 pandemic highlighted issues ranging from carbon emissions to inequality, an Invesco survey found.
A total of 63% of central banks responding to the survey felt tackling climate change fell within their mandate, with nearly half believing that mitigating the consequences of climate change should be a monetary policy objective.
In the latest step by a major central bank to curb carbon emissions, the European Central Bank said last week it will take greater account of climate change in its core policy decisions.
Tom Arnold
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Steam rises from a chemical plant in an industrial zone in Hamilton, Ontario, Canada May 13, 2017. REUTERS/Chris Helgren/File Photo
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LONDON, July 12 (Reuters) - Around a third of central banks and sovereign wealth funds have raised their focus on environmental, social and governance issues over the past year as the COVID-19 pandemic highlighted issues ranging from carbon emissions to inequality, an Invesco survey found.
A total of 63% of central banks responding to the survey felt tackling climate change fell within their mandate, with nearly half believing that mitigating the consequences of climate change should be a monetary policy objective.
Tom Arnold
(Adds quote from Invesco)
LONDON, Feb 23 (Reuters) - Sovereign wealth funds pulled $16.3 billion from public market investment strategies, largely equities, in the fourth quarter, the most in almost four years, driven largely by redemptions, according to data and research firm eVestment.
The move followed a year in which some funds, including those from Norway, Azerbaijan and Kazakhstan, planned withdrawals to help their governments cope with the coronavirus crisis.
Net outflows from equity strategies managed by third-party fund managers reached $18.5 billion in the final three months of 2020, eVestment data showed.
Global equity markets closed 2020 around record highs after a stimulus-charged rebound helped stocks surge more than 60% from their March lows.