Steve Doire, CFA, CPA, CPCU
Steve brings extensive knowledge of the insurance industry, insurance asset management, and general asset management to Clearwater and its clients. He works closely with clients and prospects to help them leverage the capabilities of the Clearwater platform. He also collaborates with platform development teams, clients, and other industry influencers to evolve both the Clearwater system offering and the user experience of Clearwater’s clientele. Steve worked for more than 20 years as a leader in Deutsche Asset Management’s insurance asset management group where helped grow the business from $20 billion to more than $200 billion in AUM, including expansion into global markets. He also worked for a P&C company for several years early in his career.
With the topic of environmental, social, and governance (ESG) investing in the headlines and on the minds of global investors, we wanted to get a better understanding of how institutional asset owners and managers view, adopt, and monitor ESG investing initiatives. We polled nearly 200 investors representing over $12 trillion in AUM to gain insights into their adoption and progress.
Our survey found widespread adoption of ESG investing is still evolving – just over half of our survey respondents said they had an ESG initiative and/or investment policy. Companies that don’t have an ESG initiative cited a lack of interest by management as the reason. Alternatively, for those that do, management and the board are commonly driving it, measuring it, and monitoring it.
Our survey also found the cost of ESG ratings from market data providers is an issue for many, and the market is fragmented, with over 12 providers cited. Getting that data homogenized and into systems and reports is a challenge with nearly half saying they do it in spreadsheets and a third recognizing they need to invest in systems that can better handle ESG data.
To learn more about the adoption and challenges of ESG investing, download our full survey report here.