Some 75 percent of asset owners and 62 percent of asset managers hold ESG funds, BNP Paribas study says.
The environmental, social, and governance (ESG) movement is gaining more traction with asset owners and managers. A BNP Paribas study found that 75 percent of owners and 62 percent of managers held ESG funds as a quarter or more of their investments last year.
That’s compared to 48 percent and 53 percent in 2017. The biggest barrier to using ESG wasn’t its cost but rather a lack of tools to assess investments, the survey said.
ESG seeks shares in companies that embody a range of the concept’s values, often corporate tax transparency, climate change, gender diversity, executive pay, living wage expectations, and board responsiveness.
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