RI Approaches Publicly Available
Almost 85 per cent of investment managers make their overall approach to responsible investment (RI) publicly available and disclose important details about how it is implemented and overseen, says a report on investment manager practices from the United Nations Principles for Responsible Investment. A further 70 per cent have a stewardship policy, while most track and manage climate-related risks and allocate responsibility to senior management teams. The report noted that while these are positive headline numbers, there is significant room for improvement by investment managers. When analyzing the data, authors found that more than 70 per cent of investment managers opted not to disclose how they deal with conflicts of interest in their responsible investments. Two in three did not publish how they verify and report on their investments internally and almost 50 per cent of managers did not report on having asset-class-specific ESG guidelines. Of those who did, some only applied to a small percentage of assets under management.