Six of the country's largest investors have signed an open letter calling on asset managers to adhere to a code of conduct, in a move to 'rebuild confidence.'
It is important to focus on the material environmental, social and governance factors but disclosures must also be appropriate to maximise value, says sustainability consultant ERM.
LPs are calling for improved governance structures within funds, including better transparency on fees and performance calculations, according to data from Vistra.
The European Commission has proposed making ESG part of a fund manager’s fiduciary duty. Renaud Oury, deputy managing director and market leader of SGG, details the recommendations.
The Amsterdam-based benchmarking organization’s latest evaluation, which has received support from APG and PGGM, is intended for real estate firms that have begun to adopt sustainability practices.