Seven investment managers have scored mandates to manage a total of $104.5-million for a group of institutional investors after impressing judges with strategies for setting up portfolios offering both financial gains and credibility in environmental, social and governance measures.
The aim was to highlight best practices in a field that can be confusing, even for pros, because of numerous different standards for measuring everything from climate risks, to worker safety, to equity and diversity.has gotten a lot of ink in the last year or so, and investment managers in Canada have really taken notice, from the large institutional managers to the really small.
“When we started this as investors, it seemed kind of like the Wild West,” he said. “But we’re noticing that there are a lot a lot of options to choose from, and some surprisingly strong options as well.” Early in the process, it was clear from fuzzy details if a firm’s marketing department had put together the proposal rather than an ESG-savvy investment team, she said.