Pension funds criticise asset managers over lax ESG approach | News | Local Government Chronicle

Local authority pension funds are reporting problems over their asset managers’ approach to environmental, social and governance (ESG) factors.

The survey of Local Authority Pension Fund Forum (LAPFF) members, which comprise most of the sector, showed they were unlikely to recommend their asset managers based on the way ESG matters are handled.

Some 45% said asset managers gave little evidence how ESG influences investment decisions and 29% said working with their asset manager on ESG-related engagements was hard.When asked whether they would recommend their manager based on ESG performance the average score was 6.5, between a ‘satisfied but unenthusiastic response’ and an ‘unhappy’ response.

Source: Pension funds criticise asset managers over lax ESG approach | News | Local Government Chronicle

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