ESG-investeringer vil reducere fokus på kortsigtet profit

    Klimarettede aktier har i de sidste to år klaret sig langt bedre end markedet generelt og det vil understøtte kampen mod kortsigtede interesser (“short-termism”) på de finansielle markeder, oplyser The European Securities and Markets Authority (ESMA) via Reuters.  I meddelelsen oplyser ESMA endvidere:

    “The European Securities and Markets Authority (ESMA) said integration of assets chosen for their environmental, social or governance (ESG) aspects is a growing part of portfolios. ESMA said in its latest Trends, Risks and Vulnerabilities report that in stock markets, the ESG Leaders 50 index has for the past two years outperformed the corresponding benchmark index.

    “This supports the view that investing in ESG does not compromise returns for sustainability, but instead enhances returns within a process of better incorporating ESG factors.”

    Green bonds from the private sector are also growing, with 21 billion euros issued each quarter in 2019 with the amount now outstanding at 271 billion euros, still just 2% of the corporate bond market in the EU, ESMA said.

    “As regards performance, there is no significant evidence yet that points to outperformance or underperformance of green bonds relative to conventional bonds.”

    ESMA’s report also looked at “short-termism” pressure in markets, defined by the watchdog as the focus by market participants on a quick profit at the expense of long-term investments. The rise in ESG investments could help counter this, it said.