Instos must improve "staggeringly slow pace" on ESG
AIA's Mark Konyn and others said asset owners have been slow to embrace environmental, social and governance measures, but the Covid-19 crisis could change that.
Institutional investors and fund managers have failed to embrace environmental, social and governance (ESG) investing as quickly as they should to combat climate change. But the onset of the Covid-19 pandemic offers a chance to better push raise the importance of ESG and sustainability-friendly industries, argue investing practitioners including Mark Konyn, chief investment officer (CIO) of AIA.
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