FYI: Pimco has long been known as a top-notch fixed-income manager, but it quietly moved into stock strategies nearly 10 years ago. More recently, it has nearly silently moved into sustainable investing—not with a new product line, but by implementing this kind of research throughout the firm—becoming one of the first, and certainly the largest, of the large asset managers to regard investing with an eye toward long-term sustainability as a critical key to success.
Over the past few years, Pimco has become a leader in incorporating environmental, social, and governance, or ESG, factors throughout its investment processes. The reason: Bonds are long-term investments, and ESG risks often take years to materialize. If you own, say, a bond for a harbor-side commercial property, the site could be hit by storm surge long before your bond matures.
Regards,
Ted
https://www.barrons.com/articles/pimco-esg-and-the-future-51561159844?mod=past_editions
