September 24, 2015 | 12 ET NetMeeting
Leading advisory firms are rapidly building out menus of ESG and impact investment opportunities. At the same time, forward-thinking asset managers and product developers are also accelerating their efforts, developing investment strategies that apply more rigorous criteria for measuring social and environmental impact. The fly in the ointment, however, is that advisory firms have been inconsistent in how they frame and define “impact investing”, leaving asset managers with no clear standards for ESG and impact integration. As a result, gatekeepers have selected fewer impact investing options, and asset managers are missing a big opportunity to go beyond basic ESG alignment.