How a small legislative change can answer the better business rallying cry

clock • 4 min read
How a small legislative change can answer the better business rallying cry

The call for urgent change is gaining momentum in the investment industry. Last month, the CEO of the world's largest asset manager, Larry Fink, continued his rallying cry for businesses to do better for the planet while Aviva Investors made a similar statement to its investee companies. While Fink's views are somewhat unsurprising, the focus on ESG investing from some of the world's largest asset managers in recent years has characterised a broader mentality shift in the business community.

This cultural change is noticeable within the technology industry, one of the fastest-growing workforces of the global economy and one where competition for top talent is fierce. Employers can no longer sell themselves to prospective tech talent through empty corporate statements. It is no longer acceptable to develop products or services that are harmful to people and the planet. The most appealing companies are those who are using their influence to make a positive impact on the world. Recent research found that two-thirds (66%) of millennials and Gen Z think it is important for a company...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

“Cannot shake that silly pre-Enron, pre-9/11, pre-WorldCom feeling,” he wrote in one tweet.

'Big Short' Burry sells all but a single stock on dead cat bounce fears

$3.3m position in private prison group

James Baxter-Derrington
clock 16 August 2022 • 1 min read
Vietnamese equities tend to outperform Chinese equities when Chinese equities underperform the rest of the world

Deep Dive: Frontier markets require caution due to 'barrage' of shocks

Divergence from emerging markets

Kathleen Gallagher
clock 12 August 2022 • 4 min read
European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read
Trustpilot