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by  RBC European Equity team Mar 31, 2022

ESG remains high on the agenda for many, shaping the way that we approach investing, and it is therefore vital to assess this in detail.

In our latest report exploring ESG, we identify clear trends that are likely to become stronger, aided by a post-pandemic shift in momentum. We also look back at the activity that had an impact in the past year at both corporate and societal levels and take a deep dive into how we integrate ESG into our process, as well as looking at major ESG portfolio events from 2021.

From changes in how we work, to steering clear of zero-washing, many companies are facing new challenges. As investors, our job is to comprehend these nuances, support those we deem important, and position our portfolios accordingly.

We believe that ESG criteria should be considered in the same way as traditional financial criteria in terms of their capacity to affect shareholder value and therefore long-term investment performance.

Looking ahead, three key areas we predict will have an impact in 2022 are:

1. Zero-washing

The need for every sector to decarbonise has become clear and, while targets are a welcome addition to company reporting, consumers and investors are starting to require more than just targets; implementation is also vital. One thing to watch out for is “zero-washing” as companies claim to have net-zero targets, whilst actually setting targets 30 years out stymies shorter-term action.

2. Regulation

Europe has long been a leader in sustainable finance policy, and as new regulations are brought in, there will be even more transparency in the market. Read the full report for more details on the Sustainable Finance Disclosure Regulation, the EU Taxonomy, and the EU’s proposed Social Taxonomy.

3. Hybrid working and the great resignation

Working life has shifted for good, and as the pandemic moves towards becoming endemic, how companies manage or mismanage the return to workplaces will be a factor in their success – or failure.

The challenge for companies is to balance the benefits of remote work with the impact it could have on company culture. Many employees have become comfortable working from home and may not want to return to the office. The cost of getting this wrong is that employees leave, becoming part of the “Great Resignation”. High employee turnover comes at a cost.


Read the full report, which provides further analysis on these and other themes.

Disclosure

The value of investments may fall as well as rise, you may get back less than invested.

No investment should be made in one of these products without careful consideration of the Prospectus for the Funds and the Key Investor Information Document for the relevant Sub-Fund, each available at www.rbcgam.com or from your contact at RBC Global Asset Management.
Neither MSCI ESG Research LLC, its affiliates nor any other party involved in or related to compiling, computing or creating the information (the “ESG Parties”) makes any express or implied warranties or representations and shall have no liability whatsoever with respect to any information provided by ESG Parties contained herein (the “Information”). The Information may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by ESG Parties. None of the Information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

This document is provided by RBC Global Asset Management (RBC GAM) for informational purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM or its affiliated entities listed herein. This document does not constitute an offer or a solicitation to buy or to sell any security, product or service in any jurisdiction; nor is it intended to provide investment, financial, legal, accounting, tax, or other advice and such information should not be relied or acted upon for providing such advice. This document is not available for distribution to investors in jurisdictions where such distribution would be prohibited.

RBC GAM is the asset management division of Royal Bank of Canada (RBC) which includes RBC Global Asset Management Inc., RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management (UK) Limited, RBC Global Asset Management (Asia) Limited, and BlueBay Asset Management LLP, which are separate, but affiliated subsidiaries of RBC.

In Canada, this document is provided by RBC Global Asset Management Inc. (including PH&N Institutional) which is regulated by each provincial and territorial securities commission with which it is registered. In the United States, this document is provided by RBC Global Asset Management (U.S.) Inc., a federally registered investment adviser. In Europe this document is provided by RBC Global Asset Management (UK) Limited, which is authorised and regulated by the UK Financial Conduct Authority. In Asia, this document is provided by RBC Global Asset Management (Asia) Limited, which is registered with the Securities and Futures Commission (SFC) in Hong Kong.

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© RBC Global Asset Management Inc., 2022

Publication date: April, 2022

GUKM/22/046/APR23/A