ESG MANAGEMENT, A SOLUTION TO THE COVID-19 CRISIS?

The Covid crisis was an unprecedented economic and financial shock, impacting firms heterogeneously. The asset management industry has faced significant sales from traditional equity funds. But investment flows in ESG funds have been particularly resilient. In a context of strong household savings, the challenge for the asset management industry will be to promote the transition to a low carbon economy. The latest regulatory initiatives taken by the European Commission should help.