2023 to be year of marked ESG shift says RIAA

InvestorDaily

ESG investing will swing from a “nice to have” to a must-have this year as the government pursues a regulatory approach, the association said. The Responsible Investment Association Australasia CEO Simon O’Connor said ahead of the InvestorDaily ESG Summit 2023 that interest in environmental, social, and governance (ESG) investing has grown as more investors choose to engage with the sector. This is despite 2022 throwing various challenges at those who were underweight or avoided fossil fuel and armaments as their investments suffered in the short-term, he added.

“At the same time, we’re seeing an industry that is hitting its strides and taking a much more sophisticated view on the approaches, through which ESG investors can manage risk in a portfolio,” he told InvestorDaily. “It now goes well beyond just divesting of certain sectors.” Mr O’Connor’s comments preceded the 2023 ESG Summit, where he will paint a picture during his session about the ESG landscape for 2023 and beyond, the challenges the sector faced amid economic and geopolitical events such as the gas crisis and the war in Ukraine, and how to keep moving forward during these challenging periods.

The rest of this article can be found at investordaily.com.au.