UK. Investment consultants publish ESG metrics for consistent reporting

A group of investment consultants working in the UK has come up with a list of environmental, social and governance (ESG)-related metrics for all public equity and public credit asset managers to report on, or work towards being able to report on, as soon as possible.

The Investment Consultants Sustainability Working Group (ICSWG) said the list was based on metrics that institutional investors were increasingly seeking to collect from asset managers.

Anthony Soothill, chair of Telefonica UK Pension Plan Trustees, is said to have been a key driving force behind the metrics list initiative.

He said pensions were “in the vanguard of ESG” but that the absence of a standard approach made it difficult to assess different products and investment managers.

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