Understanding the New ESG Landscape

Executive summary:

  • The 2023 Russell Investments’ Manager ESG Survey covers ESG commitments, challenges, and reporting, Net Zero target setting, active ownership, and diversity.
  • Key challenges for active managers include the availability of data, reporting standardization for corporates, and meeting diverse client needs.
  • The findings show that commitments to responsible investing reporting frameworks and initiatives continue to rise.

On Jan. 30, Senior Director and Head of ESG and Investment Management, Kris Tomasovic Nelson, moderated an online discussion exploring the findings of Russell Investments’ 2023 Manager ESG Survey. In its ninth year, the annual survey offers valuable insights into the evolving landscape of ESG practices within the investment management industry. The 2023 survey reflects the views of 169 asset managers—a mix of equity, fixed income, real assets, and private markets asset managers. The collective assets under management (AUM) for 2023 was nearly $20 trillion, with entities ranging from firms with an AUM of less than $10 billion to those with more than $500 billion. Geographical diversity of the respondents was also evident with a significant majority based in the U.S., and with strong participation from Europe, the UK, Australia, and New Zealand.