Pension funds often abstain from investing with managers due to ESG concerns

Nordic investors have in recent years built an internal arsenal of ESG capabilities. As a consequence, asset managers should expect structured due diligence on a number of points when tendering for new mandates where ESG has often become the motivation behind new searches, a new survey by Kirstein and PIMCO shows.

Investors from the Nordic countries often abstain from asset managers because of ESG concerns. | Photo: Klaus Gottfredsen

The largest investors in the Nordics frequently abstain from selecting an asset manager because of ESG concerns, a new report by investment consultancy Kirstein and US asset manager PIMCO shows.

The Copenhagen-based consultancy has asked 31 Nordic investors with combined assets worth EUR 689 billion, including 24 pension funds, whether they "rarely", "sometimes" or "regularly" abstain from investing with a manager due to ESG concerns.

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