Credit and equity managers are not undertaking meaningful engagement on ESG concerns despite a wider theme of progress across the industry.
According to research from Redington, credit managers perform no engagement across 75% of their overall portfolios, while only 15% of engagement from equity managers can be considered "deep engagements". This compares with real asset managers, for whom over 60% of their engagements are considered 'deep' by the investment consultancy. ESG investment: 'Engagement must be forceful to have its maximum impact' A deep engagement was defined as one in which asset managers had engaged with a company across "at least three back-and-forth dialogues between a manager and a company", while ‘li...
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