The 'S' in ESG is coming of age

“We are gradually coming to the realisation that a more holistic understanding of fiduciary duty is critical to preserving capital over the long term. Issues such as climate change or social disruption caused by inequality pose long-term systemic risks that ultimately affect our fund performance, and these risks cannot be hedged away through traditional portfolio diversification.” Hiro Mizuno Former CIO of the Government Pension Investment Fund of Japan