Many of European Companies to Stop Launching non-ESG Funds
Nearly two thirds of European asset
managers will stop launching non-ESG products within the next two years.
Meanwhile, more than 50% of independent financial advisers and private and
retail banks will stop distributing non-ESG strategies by the end of 2024. What
is meant by ESG funds?
ESG funds are portfolios of equities and/or bonds for which environmental, social and governance factors have been integrated into the investment process. This means the equities and bonds contained in the fund have passed stringent tests over how sustainable the company or government is regarding its ESG criteria.
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The share of ESG assets in European mutual fund assets could expand from 37% at the end of 2021 to 56% by 2025. The Companies that continue to offer both ESG and non-ESG products, on the other hand, could face long-term challenges.
As regional regulations become increasingly stringent and as efforts towards the development of global ESG standards intensify, managers – especially those willing to compete at a global level - will be pushed towards an all-encompassing alignment of their products and operations with ESG.
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