“It is important that we all move towards a more sustainable and social world”

Many parts of the fund industry are laser focused on ESG right now by means of; reporting, advisory, labelling and communication. Paperjam asked the team from Prisma for their views.

How important is it that the fund industry takes action on ESG now?

“It is important that we all move towards a more sustainable and social world. The risk with ESG however is that the fund industry uses these products for marketing reasons only rather than change of mentality. 

ESG is not only an initiative, but a global shift affecting all industries. Today’s generations have built a different awareness for ESG-related factors such as sustainability and social impact.

We find ESG-driven decisions, for example, in manufacturing industries like constructions or automobile, but moving the investments into the right direction is equally important. Offering ESG-based investment products will be essential in the future and might become a new standard.

In conclusion, there is a demand for ESG and the industries will need to work together to make this change. Thus, the fund industry does play an important role, and it is absolutely necessary to take the appropriate actions. 

Read the full article: https://paperjam.lu/article/it-is-important-that-we-all-mo