Asset managers not backing ESG words with action, says Redington
Redington: Investors engage with just 20% of portfolio on climate
Asset managers tend to engage with just 20% of their portfolio on climate change issues despite widespread net-zero commitments - a rate which implies 'greenwashing' by investors, a survey by UK investment consultants Redington has suggested
Investment consultants pledge to act on ESG guidance
Recent regulatory guidance that environmental, social and governance (ESG) factors should be taken into account by pension funds where they are financially material "puts trustees and their advisers under an obligation to react," according to two leading industry bodies.