From EY (Ernst & Young) Press Release, 3 Nov 2021
Three-quarters of institutional investors say they may divest from companies with poor environmental track records
- 74% of institutional investors now more likely to “divest” based on poor environmental, social and governance (ESG) performance, than before the COVID-19 pandemic
- Vast majority (90%) say they now pay more attention to companies’ ESG performance when making investment decisions, but admit they’ve been slow to take concrete action
It shows that 90% of investors say they now attach greater importance to ESG performance in their decision-making than they did before the COVID-19 pandemic; and that 92% say they have made decisions over the past 12 months based on the potential benefits of a “green recovery”.
Read the entire article here: https://www.ey.com/en_gl/news/2021/11/three-quarters-of-institutional-investors-say-they-may-divest-from-companies-with-poor-environmental-track-records