Mizuno: Many managers perform ESG analysis without using it in decisions
Hiro Mizuno · Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148) · Jul 9, 2020 · at 40:29
Hiro Mizuno, former CIO of Japan's Government Pension Investment Fund (GPIF), recounts evaluating active asset managers' claims regarding genuine ESG integration versus superficial compliance.
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“A lot of asset managers keep telling us, we do this much analysis on ESG, and we do this much analysis on this, and we hire this, we buy this information set, and I said, and in the end I said, how do you use it for investment decision making? And then a lot of the asset money became quiet. So I said, okay, if you use it for analysis, but you don't use it for your decision making, what's the point?”
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