FYI: Some institutional investors remain increasingly unconvinced that responsible investing will boost their returns.
That is according to the Royal Bank of Canada fourth annual survey on responsible investing, which found that 18% of institutional investors globally said an environmental, social and governance strategy will perform worse, up from 10% last year. Another 24% of investors said they were unsure if ESG could help them avoid risk in their portfolios, marking an increase from 18%.
Still, the vast majority of institutional investors have welcomed ESG as a boon for financial performance as a growing body of research shows that companies focused on sustainability have seen their financial performance improve, said Melanie Adams, head of corporate governance and responsible investing at RBC, in an interview.
Regards,
Ted
https://www.marketwatch.com/story/more-large-scale-investors-are-skittish-about-an-esg-strategy-at-the-expense-of-returns-survey-2019-10-15/print
