Why the role of asset managers is evolving in ESG

It’s uncontested that asset managers have an important role to play in terms of their basic fiduciary duty to their asset owner clients, but industry views are mixed on whether that role extends to the realm of ESG. Marcia Ellis, a Hong Kong-based partner and global co-chair of the private equity practice at US-headquartered law firm Morrison Foerster, told AsianInvestor that “an asset manager putting itself forward as a gatekeeper for carbon emissions is stepping into the potenti…