ESG screening takes ever more time for Nordic selectors

External manager selectors in the Nordics are spending an increasing amount of their workload on ESG-related assessments, writes Citywire.

Folksam's fund selection team spends roughly 30 percent of the workload on ESG assessments. | Photo: PR

by SØREN RATHLOU TOP

The emphasis on environmental, social and corporate governance (ESG) factors within the business of selecting external fund managers has ballooned in recent years. As a consequence, selectors in the Nordic region are spending an increasing amount of their work time screening potential managers and funds on ESG criteria, according to news service Citywire.

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