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The Role of Asset Management in Promoting Sustainable Finance and ESG Standards: Industry Implications and Prospects Segun Kehinde; Chinonye Moses; Borishade Taiye; Kehinde Oladele; Busola Simon-Ilogho; Tola Kehinde
International Journal of Applied Economics, Accounting and Management (IJAEAM) Vol. 1 No. 3 (2023): September 2023
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijaeam.v1i3.446

Abstract

This paper reviews the literature on how asset managers can integrate ESG factors into their decision-making processes, products and services, and how they can influence corporate behavior and public policies on sustainability issues. The paper also discusses the main challenges and opportunities for asset managers in this field, such as data availability and quality, regulatory frameworks and incentives, stakeholder expectations and engagement, and innovation and collaboration. The paper concludes with some recommendations for future research and practice on how asset management can enhance its role in supporting sustainable finance and ESG standards.