Naxxar, Malta:CoreData is a research consultancy and unique collaboration of market research, media, industry, and marketing experts from around the world. Since 2002, they have delivered research-based insights to businesses in order to aid growth and fundamental transformation.
In summary, this article is about a survey conducted by CoreData on 300 UK financial advisers that shows that 46% of them believe asset managers should be fined for what is purportedly greenwashing, 40% say they are confused about the growing array of ESG regulations and 41% reject the idea that all financial advisers should have ESG qualifications.
The article furthermore states that 32% feel there is too much talk about ESG and 28% are paying more attention to the S in ESG which they say is likely because of “the pandemic” that has made social factors such as human capital management take on more importance.
The article closes by saying that fund managers need to be able to explain how their less quantifiable social performance targets will be met and monitored. In conclusion, the bottom line is that there is a lack of clarity from fund managers about how ESG principles are applied and as a result some advisers want asset managers to be fined for misrepresenting ESG realities.
A CoreData Research survey of 300 UK financial advisers conducted in July found 46% agree that asset
managers should face fines for greenwashing and/or social washing. Just one in 10 (10%) disagree that managers should be
fined, while about four in 10 (43%) are undecided on the issue. Advisers focusing on HNW clients (48%)
are more inclined than their mass market focused peers (40%) t o think managers should face monetary
penalties for greenwashing.
Elsewhere, the research highlights a growing tendenc y among advisers to focus on the social componentCoreData is a research consultancy and unique collaboration of market research, media, industry, and marketing experts from around the world. Since 2002, they have delivered research-based insights to businesses in order to aid growth and fundamental transformation.
of ESG. Nearly three in 10 (28%) agree they are now paying more attention to the S in ESG compared to
21% who disagree and 51% who are undecided.
“These findings suggest advisers want more ESG funds with a social purpose,” said Andrew Inwood,
founder and principal of CoreData. “This is likely a consequence of the pandemic which has seen social
factors such as human capital management take on more importance. For fund managers, the ability to
clearly explain how less quantifiable social performance targets will be met and monitored will be key.”
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ESG: The New Way of Doing Business in Malta
Business and organizational sustainability is a complex issue in Malta, with many stakeholders and perspectives. It’s also an area where the stakes are high – if we don’t get it right, there will be dire consequences for our communities and the planet.
The good news is that more investors are taking notice of ESG issues when they invest in Malta companies and organizations. In fact, over the past decade institutional investors have been increasingly incorporating Environmental, Social and Governance factors into their investment decisions. And soon it will be impossible to win any RFP’s without it.
We want everyone (not just big institutions in Malta) to be able to incorporate ESG-related risk into their actions because Companies that don’t adapt to these changes will not survive. This change has many companies in Malta scrambling to figure out how they can stay competitive and be profitable while also contributing to a better future.
ESG The Report is one solution that helps businesses in Malta find their niche in this new landscape by providing information on risks and opportunities related to environmental, social and governance factors affecting them today. Our report offers insights into what investors are looking for from companies in Malta and around the globe.
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