This, then, is what being a responsible investor is really all about.
It’s not about creating a small team who sit in a silo while the rest of the organisation carries on investing in exactly the same way as before.
It isn’t setting up a small impact or climate change fund.
Rather, it is a change to the way fund managers think about what is relevant to investment decisions.
Those who continue to see consideration of ESG and achieving good investment performance as mutually incompatible are at best behind the curve.
At worst, they are failing to properly protect their clients’ interests.
Jennifer Walmsley is a partner at Arkadiko Partners