1、Sustainable Finance, a new era for asset managers | 1 Sustainable Finance, a new era for asset managers 24 March 2020 2 | PwC Sustainable Finance, a new era for asset managers | 3 Executive summary The last few years have seen a rally towards Environmental, Social and Governance (ESG) products and E
2、SG integration, with sustainable funds capturing a significant portion of inflows in Europe and some asset managers announcing that they will integrate ESG within their entire range of products. And this trend is likely to further accelerate over the coming years among others due to expected regulat
3、ory developments in Europe. On 8 March 2018, the European Commission (the “EC”) issued its “Action plan on Financing Sustainable Growth” (the “Action Plan”). This initiative stems from the Capital Markets Union Action Plan and is part of the broader efforts to connect finance with the specific needs
4、 of the European and global economy for the benefit of the planet and our society. The EU defines “Sustainable Finance” as the process of taking due account of environmental and social considerations in investment decision-making, leading to increased investments in longer-term and sustainable activ
5、ities whilst the plan recognises the key role of “Governance”, there is a clear focus on “Environmental” and “Social” considerations. This very ambitious Action Plan will impact all managers doing business in the EU in one way or another (operations in the EU, products sold in the EU). It aims to: F
6、inance the transition to a more sustainable and inclusive growth the objective is to direct investment into sustainable activities, aimed at leveraging on the financial sector to close the investment gap and finance an economically and socially sustainable economic system; Better manage financial ri