What’s the Future of ESG Investing in Latin America?
An overwhelming 96 percent of institutional investors in a May survey by Natixis Investment Managers said they have an important role to play in addressing global challenges, such as climate change, the need for infrastructure development, and social and economic inequality. Sixty percent of respondents in the survey said they would be willing to invest in projects that help address societal challenges as long as they meet their portfolios’ long-term goals. How important has environmental, social and governance, known as ESG, investing become in Latin America and the Caribbean? What types of projects in the region are most primed for such investment? How do Latin America and the Caribbean compare to other regions of the world in their levels of ESG investing?
Dominik Rohe, head of Latin America at BlackRock: “The concept of sustainable investing can mean different things. Asset owners and managers often operate with multiple definitions, messages and motivations. For BlackRock, sustainable investing means combining traditional investing with environmental, social and governance (ESG) related insights to improve long-term outcomes for our clients. In our view, companies with strong profiles on material sustainability issues have the potential to outperform those with poor profiles. We believe companies managed with a focus on sustainability should be better positioned versus their less sustainable peers to weather adverse conditions while still benefiting from positive market environments. In general, many Latin American investors are in the early stages of incorporating sustainable investing. Pension funds have historically been first movers in incorporating investment best practices. This holds true for…”Read More
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Covering Latin America’s banking and insurance sectors, remittances trends and data, micro lending issues, new technologies in the industry, anti-money laundering regulations, and much more, the Inter-American Dialogue’s biweekly Financial Services Advisor, a sister publication of the Latin America Advisor, gives readers fresh insight and diverse viewpoints from financial sector leaders. To subscribe or for more information, contact Erik Brand, publisher of the Advisor, at firstname.lastname@example.org.