The Covid-19 pandemic caused a significant set-back for ESG advancements around the world, with global ESG scores falling for a second year in a row after a decade of continued improvement from countries.
Data from abrdn's Research Institute's annual Global Macro ESG Index, which ranks and scores of 135 countries based on 20 UN-aligned ESG indicators, revealed that overall lower scores versus last year. Asset managers struggle to evidence ESG considerations when taking positions The lower scores were largely driven by a loss of freedom of movement in tandem with a decline in life expectancy, employment and social equality. Environmental scores, however, picked up slightly during 2022, including those related to global carbon emissions intensity, but overall were still far off comply...
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