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People moves: GSAM hires FRC s stakeholder engagement director | News

People moves: GSAM hires FRC s stakeholder engagement director | News
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Why ESG investing is becoming the norm

© Getty Images Last year was the year ESG investing (finding homes for your money while looking out for environmental, social and governance concerns) really took off –in 2020, $152bn of new money poured into ESG-labelled products and the total global assets in these products hit more than $1.6trn. The young are all over it. A new survey from Montfort Communications, a PR company, and Boring Money, a financial news website, makes the point: in a poll of retail investors, some 63% of 18-34-year-olds say they would choose a new fund manager based on their approach to ESG. That number falls to 17% for the 55-plus group. In the younger group, 78% of respondents say ESG affects their investment choices. That falls to 67% among the 35-54 age group and about a third of the 55-plus group.

Chartered accountants are at the centre of ESG reporting

Environmental, social and governance risks are both business and investment risks, and chartered accountants are at the heart of reporting on them as well as the financials. Environmental, social and governance (ESG) risks are being incorporated into management, as well as investment, decision-making - whether it s lending decisions, equity investing, green bonds, or anything else, says Neil Stewart, Director of Corporate Outreach at the Sustainability Accounting Standards Board (SASB).  “Value creation, its preservation or erosion as a result of these ESG risks is now being quantified,” says Stewart, “and so too is corporate performance against these risks. This is what puts the accounting profession at the centre of this ESG world.”

Investegate |M&G Credit Income Investme Announcements | M&G Credit Income Investme: Annual Financial Report

Investegate |M&G Credit Income Investme Announcements | M&G Credit Income Investme: Annual Financial Report
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