Redington: asset managers struggling to convert ESG into allocation decisions

Investment consultancy Redington has found that asset managers seem to struggle when it comes to converting sustainability analysis into buy or sell decisions. The findings were reported in the company’s annual Sustainable Investment survey which covered 122 asset managers with combined assets under management of $37.7tn. The survey results show that 43% of managers were unable to provide an ESG-influenced sell decision, while 35% were unable to report a similar buy decision. Nick Samuels, head of manager research at Redington, suggested that the results were concerning: “While we would expect to see some variation between ambition and action, how can managers really drive the change that is needed when so many are unable to evidence specific allocation decisions that were influenced by ESG factors this past year?”