ESG, Unternehmensverantwortung und nachhaltiges Investieren haben mittlerweile einen hohen Stellenwert im Finanzlexikon. Wie beim Thema Schönheit scheint es im Augenmerk des Betrachters zu liegen, was einen guten ESG-Performer ausmacht. ESG-Kriterien stehen derweil immer mehr im Zentrum der Titelauswahl und des Portfolioaufbaus. „Da es noch keine exakte Definition von „ESG“ oder „Nachhaltigkeit“ gibt, kann man je nach Datenanbieter zu unterschiedlichen Ergebnissen kommen“, beschreibt Arne Kerst, Portfoliomanager bei DPAM, den Status Quo. „Sowohl bei quantitativen als auch bei fundamentalen ESG-Ansätzen ist es von größter Bedeutung zu verstehen, wie ESG-Ratings konstruiert sind und warum Unterschiede zwischen den Anbietern auftreten. Entscheidend wird dies, wenn dwu Vyorjvu zvi qeoawhonlofcg Pcllnaxdw gsaawzkttfi ydwwip“.
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