Judging by the formidable growth in the number of signatories to the Principles for Responsible Investment (PRI), sustainable investment has become mainstream among asset managers.
Based on recent PRI data, there are now over 2 500 signatories (including more than 2 000 asset managers), together representing over USD 90 trillion in assets under management. That is the equivalent of the world’s GDP! While becoming a PRI signatory does include commitments such as incorporating environmental, social and governance (ESG) issues into investment decisions, actual practices often remain insufficient. This is leading to legitimate investor concerns on so-called greenwashing/ESG washing.
Read the full article by Paul Milon, ESG specialist, Asia Pacific for BNP Paribas Asset Management to find out more