Incorporating ESG into retirement strategies
Environmental, social, and governance (ESG) has come to the forefront of policymaking within the financial services sector throughout the last the decade. Indeed, many industry leaders are keen to introduce ESG into their operations.
A mixture of changing laws, regulatory rules, and growing demand from investors has influenced this push in collective conscientiousness that only took hold in the mid-2000s.
In 2004 then UN Secretary-General Kofi Annan wrote to 50 CEOs within major financial institutions, inviting them to join an initiative to find ways to integrate ESG into capital markets. Since then, numerous reports and investigations have offered further support to the initiative. Consequently, ESG has gone on to become a significant consideration for organisations of all sizes.
Public demand has almost certainly contributed to the increase in ESG as people factor it into their own investment strategies. In 2020, 85% of investors considered ESG factors in their investments, highlighting the importance of organisation’s ESG reputation amongst the public.
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