AMWatch

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

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.

One example of this development is Folksam. The SEK 400 billion (EUR 38.9 billion) Swedish insurer's head of fund selection and ESG external funds, Susanne Bolin Gärtner, says that the time dedicated to ESG screening has grown to roughly 30 percent of her workload.

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