ESG & Investing
Anti-ESG Movement Feeds Anxiety Among UK Investors Watching US
- UK govt called on to make clear ESG is part of fiduciary duty
- Climate reporting must be ‘embedded’ in investment, PLSA says
Suella Braverman
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Investors in the UK are starting to worry that the anti-ESG movement may spread from the US and get a foothold on the other side of the Atlantic.
The UK Sustainable Investment and Finance Association (UKSIF), whose members oversee more than £19 trillion ($24 trillion) and include JPMorgan Chase & Co. and Barclays Plc, wants Britain’s government to provide clear guidelines that spell out whether it’s part of an asset manager’s fiduciary duty to worry about risks stemming from environmental damage, social unrest and bad corporate governance.