This is a fascinating & useful report by @CFAInstitute on sustainable investment: on the one hand, more than 3,000 asset management firms with $100 trillion AuM have signed up to the UN PRI. On the other, there is a *long* way to go...1/ https://www.cfainstitute.org/en/research/survey-reports/future-of-sustainability#__prclt=1FFFl

'Although only 19% of institutional investors and 10% of retail investors currently invest in products that incorporate ESG factors, 76% of institutional investors and 69% of retail investors have interest in ESG investing'
(!?!) 2/

'ESG ratings: Company ratings are widely used, with 63% of investment professional respondents using them as a part of their data analysis'
(or: more than a third of investment professionals DON'T use widely available company ESG ratings in their analysis) 3/

'Climate risk: 40% of investment professionals surveyed incorporate climate risk into their analysis'
(or: 60% of investment professionals DON'T incorporate climate risk into their analysis) 4/

'78% of practitioners surveyed believe there is a need for improved standards around ESG products to mitigate “greenwashing.”'
(That sounds on the low side...) 5/

'Only 11% of respondents consider themselves proficient in the ESG'
(!?!) 6/

In other words...the headlines make it look like the industry is taking ESG seriously but:
- the majority of investors don't invest in ESG
- the majority of inv professionals don't bother with E
+ don't feel they properly understand E, S, or G
+ think greenwash is a problem /ENDS