David Czupryna
“In a way, ESG is like compliance or risk management in that it has to be embedded deeply within an organisation.” David Czupryna, Candriam
It becomes more palatable if we focus on one or two specific topics, such as climate change, where they can make a concrete impact through their investment.
Building on this, you can talk about engaging with companies, about measuring their impact on these big social and environmental challenges. The key is to find the right angle. Manuel: From the trustee boards we work with, the strongest belief in the financial materiality is in the G, and then the E and then the S. Interestingly, the weakest belief was in ESG as a combined concept. The broader the concept the harder it is to get a handle on it. Finding the specific points and examples that resonate with trustees is the way to get in. Ramscar: Communication is key. Member engagement reporting and translating the ESG integration investment process into something meaningful is crucial. You need to demonstrate that you are adhering to the agreed ESG principles. Whether this relates to climate metrics or the number of women on boards, it is about showing an improvement, because there needs to be progress.
PI: How easy is it to manage client expectations in this area? Curtin: As a consumer of the information, there is still little information available. This is inherent to a pro- cess, but there is not that demonstration yet of how it has fed through. We are a long way from receiving that evidence. ESG is still quite conceptual.
8 November 2019 portfolio institutional roundtable: Responsible investing
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