NEPC’s Endowment and Foundation Team Leader, Krissy Pelletier, was quoted in Responsible Investor to speak on how asset owners are thinking about sustainability considerations and its role in their manager selection. View the article on Responsible Investor’s site here.
US asset owners look further afield as local managers lose appetite for sustainability.
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Krissy Pelletier, partner and head of endowment and foundation team at consultancy NEPC, says US asset owners are getting “more and more savvy and looking much further and much deeper”.
“Even investors who come to the table with strictly the investment-opportunity lens have gotten more savvy on digging deeper when there is a sustainability-minded find, asking questions about the expertise of the team or additional resources that a firm is utilising,” she adds.
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According to Pelletier, there may have to be “hard choices” if underperformance of sustainable or ESG strategies impacts the spend rate of one of her clients or the work it is aiming to carry out.
However, she notes that many asset owners are being patient as some ESG strategies underperform and are willing to try and understand the underlying causes.
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