The jury remains out as to whether Environmental, Social and Governance (ESG) as an invesment process produces better financial returns, but backing companies behaving properly is surely the right thing to do.
One CEO admits that while the 'E' and the 'S' are becoming more relevant, his firm has not done a great job in explaining how his firm has been active in the 'G' area.
Given a choice between getting a decent return from decent companies or those 'killing people' which would the client prefer - another participant starkly puts it.
The participants were:
- Andrew Schlossberg - chief executive officer, Invesco EMEA
- Hanneke Smits - chief executive officer, Newton Investment Management
- Lucy Macdonald - chief investment officer global equity, Allianz Global Investors GmbH
- Sridhar Chandrasekharan - global chief executive officer, HSBC Global Asset Management