comparemela.com

Latest Breaking News On - குறியீட்டு தொழில் சங்கம் - Page 2 : comparemela.com

Lack of social ESG guidelines causing trouble for fund managers

REGISTER NOW Many of the world’s biggest asset managers say they’re increasingly struggling with some of the rules guiding the $35 trillion market for environmental, social and governance investing. Much of the confusion revolves around defining the social aspect. The guideposts are generally seen as confusing and this is “going to become a bigger issue going forward,” according to Rick Redding, chief executive of the New York-based Index Industry Association. He points to a survey by the IIA, which shows that 56% of 300 investment professionals in Europe and the U.S. some managing more than $1 trillion say they’re having a hard time keeping up with edicts intended to steer capital into ESG assets. At the same time, 85% say ESG is a high priority for them.

Tough task in ESG nod

A fund manager said the Covid-19 pandemic had increased the importance and role of ESG compliance. PETALING JAYA: As environmental, social and governance (ESG) compliance becomes more mainstream, and even a benchmark for investors today, corporations are increasingly faced with the arduous task of meeting challenging reporting demands. An analyst noted that ESG metrics such as waste, energy and carbon can be challenging to quantify and report. “It’s difficult because there isn’t one global standard and even if there were, it’s constantly changing and evolving,” he said. Deloitte, in a paper titled “ESG Risks: The Reporting Challenge”, said changes in investors’ and society’s expectations have translated into a growing demand for better corporate reporting that responds to the need to understand broader risks and business impacts.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.