European Central Bank president Christine Lagarde. Picture: REUTERS/OLIVIER MATTHYS
A quarter of the fund or equity securities owned by the policymakers are considered “leaders” in environmental, social and governance criteria, or ESG. More than a quarter were unrated. “The shift to net-zero emissions, together with an adequate digital backbone, will require major investments across Europe in technology, infrastructure and networks,” Lagarde said on May 6, while calling for more regulatory action to support sustainable finance.Ratings that assess resilience to environmental, social or governance risks can offer indications on sustainability for investors, but they are also relatively new and suffer from a lack of comparable data.
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