Despite an underperformance of ESG strategies compared to traditional broad markets last year, pension funds still believe the sustainable transformation is underway and inevitable, according to the results of a study by a DWS unit and UK-based CREATE-Research released June 12.
The ESG investments of 58% of pension funds surveyed have performed worse than the comparative benchmark. However, pension managers surveyed cite market effects as a result of interest rate increases and rising energy prices as main reasons, among others.
