While more than half of asset managers consider ESG risks in their investment decision-making process, only 14 percent currently consider climate change risks, according to a recent survey published by Mercer, the world’s largest institutional investment adviser.
The survey shows the number of asset owners considering ESG risks, at 55 percent, is up from 40 percent last year.
Findings from the European Investor Asset Allocation Survey were shared at a roundtable discussion hosted by Marsh & McLennan Cos. and the Global Infrastructure Investor Association in September.
According to Sarika Goel, principal at Mercer, there are three types of investors with respect to climate change: the “Unaware Future Takers,” who ignore risks and opportunities linked to systemic risks; the “Aware Future Takers,” who consider systemic risks in portfolios; and the “Future Makers,” who make a concerted effort to influence systemic, marketwide actions aligned with i