SA’s rich investors pursue responsible investing
Global manager Schroders tracks behaviour and finds that shareholders back firms with the best environmental and social records
SA’s wealthy investors are putting more of their money in companies with the best track records in environmental, social and corporate governance due to heightened awareness and debate about these issues in the country. “SA investors had one of the highest engagements on these topics,” said Jessica Ground, global head of stewardship at Schroders, the global investment manager that tracks behaviour and ambitions of the world’s wealthy investors. The company tracks the behaviour of those investing at least €10,000 a year (about R168,000) across 30 countries. Ground said while SA investors were very engaged in global sustainability in general, the firm was surprised at their particular attention on matters around climate change. While the Western Cape droughts and flash floods that swept through Johannesburg and Durban in 2017 were likely to have contributed to this heightened awareness, Ground said SA investors’ engagement on the issue was even higher than that of most European countr...
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