Pimco har analyseret ESG-investeringerne i forhold til markedet generelt. Mens mange har den opfattelse, at ESG med den store vægt på miljø og ansvarlige investeringer klarer sig dårligt, så viser Pimco’s analyse, at ESG-investeringerne klarer sig lige så godt som “normale” investeringer.
- Our research reveals that environmental, social, and governance (ESG) scores are significant drivers of sovereign credit spreads. Debt issued by countries with high social and governance scores, in particular, tends to have tighter credit spreads.
- The relationship between ESG scores and credit spreads is particularly strong for emerging market countries, where we find evidence of an additional ESG risk premium relative to developed markets.
- We find no evidence that investors are penalized for ESG-aware investment strategies in the form of lower returns.
- Our analysis supports the case for in-depth ESG analysis in the context of an active approach to portfolio management.
For further details on ESG and sustainable investing in fixed income, please visit our ESG Insights page.