The current panorama is not the most favorable for ESG investing (that which applies environmental, social and corporate governance factors), but Even so, this trend remains strong. At least, that’s what emerges from the fourth annual ESG survey by the management company Capital Group, a firm that has more than $2.7 trillion in assets. Nearly six in 10 respondents (58%) believe investors “will remain committed to long term with ESG issues despite the current geopolitical and macroeconomic obstacles. Visit the specialized portal elEconomista ESG.
He Capital Group ESG Global Study 2024 collects the opinions of 1,130 global investors on ESG investing through a survey on-line conducted by CoreData Research in May and June of this year. The sample includes 565 institutional investors (pension funds, family officesinsurance companies, sovereign funds…) and 565 other intermediaries (funds of funds, discretionary fund managers, private banks…). By region, these investors are based in Europe, the Middle East and Africa (50% of the sample), Asia-Pacific (32%) and North America (the remaining 18%). Money continues to flow into sustainable funds, despite the ‘weariness’ of ESG investing.
“57% of respondents plan to increase allocations to ESG funds in the next 12 months,” says Jessica Ground, global head of ESG at Capital Group, adding that “most respondents believe that active managers are well equipped to weather ESG headwinds and overcome challenges.” The vast majority of participants already invest with sustainable criteria, although the EMEA region stands out, where 94% already do so, compared to 75% in North America (and 93% in Asia-Pacific). The percentage corresponding to EMEA rose one point compared to last year, and the other two have not changed. Most respondents say the pace of sustainable policy implementation (57%) and the speed of ESG regulatory change (56%) allow for faster progress on ESG. Fifty Spanish investment funds have ‘sustainable’ names that the CNMV will monitor.
“New areas of interest have emerged from our ESG 2024 study, such as artificial intelligence (AI),” explains Ground. “Investors are taking timid steps in using AI as a tool to address the challenges posed by ESG data. However, “AI as an investment opportunity has sparked greater debate about related ESG risks.”. Six in 10 investors consider the impact of AI to be the most important societal issue over the next 12 months, while 54% are concerned about the environmental impact of energy-intensive AI operations.
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