Approximately 30% of asset management companies that handle related investment trusts do not have specialized departments for so-called "ESG investment," which is an environmentally friendly investment that is gaining increasing interest toward the realization of a carbon-free society. It became clear that the actual situation is not in place.
The FSA has decided to embark on increased oversight.
Last October, the Financial Services Agency conducted a survey of 37 asset management companies that handle ESG investment trusts, and recently summarized the results.
According to this, 11 companies, which is 30%, answered that they do not have a specialized department for ESG, and 14 companies, which is 38%, answered that they do not have full-time human resources. It has become clear that the situation is not ready for ESG investment.
In addition, while about 70% of the ESG investment trusts surveyed outsource all or part of their investment, they "do not have a specific understanding of the ESG investment strategy of the outsourced company." Some companies answered that.
The Financial Services Agency has decided to show the results of this survey at an external expert meeting to be held on the 25th, and will embark on strengthening monitoring by encouraging unprepared asset management companies to make improvements.