Earlier this month, Castle Hall was pleased to attend the 9th Annual Funds Congress in London, hosted by Dechert, Carne and PwC. The Congress has grown from 100 attendees at inception to over 1,500 this year, who met at the QEII Conference Centre next to Westminster Abbey and the Houses of Parliament.
The conference kicked off with a thought-provoking talk on "re-inventing capitalism", from acclaimed author and governmental advisor, Mariana Mazzucato. She lauded the opportunity for the finance sector to move to a “mission-orientated approach” to foster innovation in capital markets.
The panel confirmed the major shift in Europe to ESG strategies and assets. They all referenced record ESG inflows in Q4 2019 demonstrating a larger trend in the industry - which was a perfect segue into the afternoon panel.
Key observations from the panel on ESG and Diversity in Asset Management were:
The panel also outlined the key challenges to projected growth in ESG portfolios:
The fund management and wider finance sectors are expected to undergo major changes, especially around ESG implementation. Paraphrasing Mariana Mazzucato, the challenge for our industry will be to make this huge ESG Mission a reality and for finance to support the major environmental and societal changes of this new decade.
Find out more about Castle Hall’s approach to ESG Diligence here.
Join the conversation about ESG due diligence on Linkedin here.
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