ESG & Investing
Asset Managers Found to Have ‘Blind Spot’ Around New ESG Risk
Biodiversity risks are being overlooked by even the best ESG managers, new study says.
A mangrove forest along Egypt's southern Red Sea coast.
Photographer: Khaled Desouki/AFP/Getty ImagesThis article is for subscribers only.
The asset management industry is overlooking what promises to be a major new ESG risk: biodiversity.
A fresh analysis by nonprofit ShareAction found that only 10% of the asset managers it surveyed say they have a dedicated biodiversity policy covering all their portfolios.