ESG funds forecast to outnumber conventional funds by 2025
Assets in sustainable investment products in Europe are forecast to reach €7.6tn over the next five years, outnumbering conventional funds, as investors’ growing focus on risks including climate change and social inequality pushes these strategies into the mainstream.
According to research by PwC, in a best-case scenario, ESG funds will experience a more than threefold jump in assets by 2025, increasing their share of the European fund sector from 15 per cent to 57 per cent. Even in PwC’s base-case scenario, sustainable funds would increase their share of the European fund market to 41 per cent, with assets rising from €1.7tn to €5.5tn.
Source: FTfm ESG Investing
Schroders to advance ESG cause and boost sustainability initiatives from Singapore
Schroders Singapore, on Oct 16, announced its intent to enhance and accelerate its sustainability goals across the Asia Pacific (APAC) region. Part of this plan involves establishing a regional centre of excellence for sustainability (CoES) in Singapore, which will house a team of senior specialists in environmental, social and corporate governance (ESG) investing. The centre will also house an ESG education hub that provides specialist training to upskill Schroders’ Asia staff with ESG capabilities. In addition, the centre will be open to industry partners and will host training programmes for local and regional clients.
Source: Yahoo Finance
FactSet acquiring ESG data provider Truvalue Labs
Financial data and analytics company FactSet Research Systems is acquiring ESG data provider Truvalue Labs Inc., and the transaction is expected to close later this year. Truvalue Labs applies artificial intelligence-driven technology to more than 19,000 public and private companies to generate ESG scores on positive and negative ESG behavior. Truvalue Labs data are mapped against Sustainability Accounting Standards Board standards and United Nations Sustainable Development Goals, allowing investors to evaluate ESG risk factors. The combined client base, distribution, content and technology platforms will amplify the actionable ESG insights available to the investment community.
Source: Pensions & Investments
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