ESG investing sparks race in tech and hiring at asset managers

Gareth Jones

August 16, 2019

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Gareth Jones

This year Asset Managers have bought stakes in ESG businesses, created internal ratings tools and hired specialists to gain a foothold in environmental, social and governance investing as their clients demand that their money is used to do good as well as to generate returns.

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“We are seeing more and more clients looking to have a social impact beyond just purely financial returns with their investments. The mood music is changing,” says Peter Harrison, chief executive of Schroders. The rising influence of millennial investors — those born between the early 1980s and early 2000s — is helping accelerate the trend for sustainable investments.

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