Canada’s institutional investors aren’t giving up on weighing environmental, social and governance factors when deciding what to include in their portfolios, even in the face of economic and geopolitical crises. If anything, they’re doubling down.and inflation top the list of issues that have investors on edge this year. Along with all that comes the need to identify safe havens for money in a volatile market. No surprises there.
Ms. Craig said wider enforcement will push companies whose ESG documentation has largely been a marketing exercise to improve their practices. With regulatory standards tightening, the U.S. Securities and Exchange Commission fined BNY Mellon US$1.5-million in May for misstatements and omissions about ESG factors that went into investment decisions for some of its mutual funds. The SEC said BNY Mellon implied the funds had been subjected to ESG quality reviews from 2018 to 2021, when that was not always the case.
This is not just playing out in public markets. As those markets remain volatile, increasing interest in private equity and real estate is fuelling demand for better disclosure there, too.The Millani survey, which gauged the sentiments of portfolio managers from such firms as Desjardins Global Asset Management, RBC Global Asset Management, CIBC Asset Management and AGF Management Ltd.
They should. And quick. No one wants this nonsense commingled with their investments.
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