Press Release — Missing in Action – The lack of ESG capacity at leading investors
New research published by independent climate change think tank E3G has revealed that 33% of the investor signatories to the UN Principles for Responsible Investment (PRI) do not employ any environment, social and governance specialists. E3G’s ‘Missing in Action’ report has also found that a further 20% employ only one such expert. This means that over 500 of these world leading investment companies, managing $6.9 trillion in assets, employ one or fewer experts in responsible investment. E3G points out that the failure of these companies to back up their pledges to the PRI with action on the ground not only poses a reputational risk, it also poses a serious risk to future economic security.