Caroline Ramscar


“We are being more explicit in how we incorporate ESG across our entire investment process as we find clients expect it.” Caroline Ramscar, Legal & General Investment Management


Ramscar: To take this mainstream people will need to see evidence. We have demonstrated that there is a robust investment case. When a large UK DC scheme selected one of our Future World funds as its default fund, we were able to show that it generated better risk-adjusted returns for those investing longer-term. If you have a robust and solid investment case and the fund also makes a positive societal difference, that helps get people over the line.


PI: The lack of a common framework has been mentioned, but is anyone using the UN’s Sustainable Development Goals? Ramscar: A lot of European clients ask us to demonstrate that we integrate them into our investment process. The issue is that they were not developed purely for finance. They are a helpful overarching framework for how companies and countries should be moving towards the goals together, but simply implementing them in a financial framework is not straightforward. Werf: We have invested a lot of time developing an ESG framework to assess companies. We built a rat- ing system from +3 to -3 to assess their contribution to the SDGs. We are looking at if they are positive or negative on different ESG factors and to ultimately bring that into a single rating.


20 November 2019 portfolio institutional roundtable: Responsible investing


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