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Investment Managers Seek Consensus on Use of ESG Factors
Institutional Investor
Oct. 13, 2015 "As debate continues, funds such as CalPERS are working environmental, social and governance factors into their investment process.... 'As a practical matter, the definition of fiduciary duty has not changed,' notes [James Andrus], a portfolio manager on the global governance team at $286 billion CalPERS. 'But the view has developed over the past ten years that if you are a long-term investor, you have to take environmental, social and governance factors into consideration because of the adverse implications of not doing so.' " MORE >> |
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