A new report said that there is growing demand for transparency in reporting from asset managers by asset owners, according to the latest Cerulli Edge—U.S. Institutional Edition.
Due to this increasing pressure from stakeholders – which includes regulators, clients, and the public - asset owners are now requiring asset managers to provide clear and comprehensive reports on ESG-related activities.
“This demand for transparency reflects the broader push for responsible and accountable business practices across industries,” said Gloria Pais, an Analyst at Cerulli Associates.
Reporting is a hot potato in the industry. At Fund Operator Summit | Europe 2024, Arun Kelshiker, independent ESG Advisor and former head of Asset Allocation and Portfolio Strategy at Standard Chartered Bank, said the issues of reporting and its place in the future of the industry were important due to the proliferation of reporting regimes.
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