The Independent Investment Management Initiative has published a survey of ESG asset managers that shows increasing interest in biodiversity risk.
The IIMI, with a membership of 40 boutique asset managers from the UK and Europe, has conducted a survey of its members and found the following:
• 66% believe greenwashing is a major problem for the funds industry
• 91% think ESG / sustainable finance regulations are too disjointed across different jurisdictions
• Members were also unsure if such regulations will lead to substantial inflows into sustainable investments over the coming years, with only 25% believing they will drive inflows whereas 50% remain uncertain
• Addressing the political angst surrounding ESG, particularly in the U.S., 50% of the surveyed members view the emerging anti-ESG movement as a risk to business, while 33% see it as an opportunity to business
• Looking ahead, 75% recognise biodiversity risk as an area to pay closer attention to in 2023, with 44% saying this is being driven by client demand and 33% by risk mitigation
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