Finance
Pension Funds Seek ESG-Conscious Money Managers, Survey Shows
- More than 60% in poll by Bfinance sought PRI signatories
- A fifth of respondents cited ESG as factor in firing a manager
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Pension funds and insurers no longer look for just financial performance from their money managers, but also solid ESG credentials, according to a survey of institutional investors with more than $7 trillion in assets.
More than 60% of respondents in the global poll by investment consultancy Bfinance said they were unlikely to hire an equity manager who isn’t a signatory of the Principles for Responsible Investment, the world’s biggest industry body for sustainable investing.