Mercer, Wilshire, Aon Hewitt, Cambridge Associates and Willis Towers Watson are among 14 investment consultants behind a new group seeking to “promote and improve sustainable investment practices” in the US.
The Investment Consultants Sustainability Working Group (ICSWG), which also includes Meketa Investment Group, SEI, ACG, Callan, Marquette Associates, NEPC, RVK, Segal Marco Advisors and Versus Investments, will initially focus on three topics: reporting, stewardship and regulation.
It comes as expectations mount for a stronger regulatory focus on ESG in the US. To date, both the Securities and Exchange Commission and the Federal Reserve have announced efforts to address climate risks, sustainability disclosures and “ESG-related misconduct”, while internationally the US has been tapped to lead two global initiatives related to sustainable finance.
The new group launches less than a year after a UK-focused equivalent, which has subgrou…