Foster Denovo|News & blogs|News|ESG influencers – Declan McAndrew’s Investment Week interview

ESG influencers – Declan McAndrew’s Investment Week interview

Foster Denovo’s Declan McAndrew talks to Elliot Gulliver-Needham about the need for institutional change over ‘good eggs’ and divestment from fossil fuels.

What are the biggest challenges you are facing in the ESG space and how are you dealing with them?
“I think the challenges have been continuous throughout the past two years; the lack of common terminology and the subjective nature of a lot of the terms used. We provide advice for private clients, so our job is to see through some of the marketing spin being offered by asset managers and articulate what our company policy is; what our definitions are and how we can manage their expectations.

Transparency is now hugely important, as is authenticity, so full holdings of underlying vehicles is a necessary thing, as well as external verification and industry initiatives that asset managers pertain to. But it is important that the parent companies for asset managers, rather than individual portfolio managers, buy into that strategy rather than ‘good eggs’ in an organisation.”

To read the full article from Declan, and other content from the latest Investment Week magazine, click here.


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