58% of US asset managers believe SEC should be responsible for setting ESG standards

Written by Adam Cadle

16/05/2023

Fifty-eight per cent of US asset managers believe the SEC should be responsible for setting standards around asset managers’ ESG standards and product definitions, according to Cerulli research.

Furthermore, 58% of US asset managers consider ESG a top product development initiative.

Cerulli said the findings show that asset owners and managers remain focused on ESG initiatives, despite heightened scrutiny surrounding ‘greenwashing’ and negative investor perception.

“Overall, Cerulli’s research reflects an industry largely unswayed by negative rhetoric surrounding the topics and concepts related to ESG investment,” Cerulli associate director, David Fletcher, said.

“By and large, sustainability and the overarching themes of ESG investment are already ingrained in the asset management industry. The challenges firms face in implementing ESG investment initiatives are pain points that will likely be viewed in retrospect as necessary steps in the legitimisation and long-term success of these goals.”

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