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1、7November2019EquityResearchGlobalGlobalESGResearchTheABCsofESGEnvironmental,SocialandGovernanceThematicResearch
2、Environmental,SocialandGovernance(ESG)Research(ESG)ResearchAnESGprimer:InSustainableInvestmentStrategies,welaunchourglobalinvestmentCreditSuisseEnvironmental,SocialandGove
3、rnanceframeworkfocusedonSDG-drivenImpactInvesting.Inthisprimer,weprovideanoverviewof(ESG)researchseekstofocusonsustainabilityandtheincreasingfocusonESGandwhyitlookssettodominateinvestors’agendasintheyearsaccountabilityfactorsthatarethenintegratedintoahead.WealsohighlightwhichESGfact
4、orscanbeassociatedwithcertainsectorsandhowtheinvestmentprocess.investorscanlinkthemtotheUN’sSustainableDevelopmentGoals(SDGs).ResearchAnalysts■TherelevanceofESG:Over1,800ESGfundshavebeenlaunchedduringthepastfiveyearsinEuropealone.Globally,morethanUS$30trnofAUMareheldbyinstitutionswi
5、thEugeneKlerkanESGfocus:morethan50%oftotalAUMinEuropeand25%intheUS.442078834678eugene.klerk@credit-suisse.com■WeexpecttheimportanceofESGtogrow,owingto:1)regulatorypressure,2)greaterRichardKersleyinvestorengagement,3)changingconsumerbehavior,andconsequently4)agrowing442078880313belie
6、fthatESGmatters–e.g.morethan50%ofinvestorsbelievethatEnvironmentalandrichard.kersley@credit-suisse.comSocialfactorswillhelpdrivesharepricesby2022,accordingtoaglobalsurveybytheUN-OliverIsaacsupportedPrinciplesforResponsibleInvestment(PRI)network.442078888753oliver.isaac@credit-suisse
7、.com■ESGasareturnsdriver:‘Exclusionscreening’hasbeenthemostwidelyusedESGstrategy;however,thisischanging,notleastasrecentreturnstatisticsforESGstrategiesPhineasGloverhavestartedtoimprove.TheMSCIESGleadershaveoutperformedin2018andin201961282054448yeartodate.phineas.glover@credit-suiss
8、e.com■‘Onesizefitsall’doesnotwork:IdentifyingwhichESGfactorsmatterforstocks,sectorsandformeetingtheSDGsisnotastraightforwardtask.Tohelpgaugemateriality,wehaveaskedouranalyststohighlightthefactorsthatinvestorsshouldfocusoninassessingtheirsectorsandcompanies.Figure1:Annualreturns:MSCI
9、ESGLeadersvsbroader
