It continues Scandinavian dominance of the biannual scoring of the environmental, social and governance (ESG) credentials of 65 countries. Sweden polled just ahead of its Nordic neighbors Norway, Denmark and Finland, with Switzerland breaking the hegemony in second place.
The best progress was seen by Portugal, which is restructuring its economy as it slowly emerges from recession, and Indonesia, which has made considerable improvements in human rights. However, Venezuela has gone “from bad to worse” amid a standoff between presidential claimants at the stricken South American country as the economy further collapses. At the bottom of the CSR rankings are Pakistan, Nigeria and India.
Environmental risk dominates global concerns in the battle against climate change, while democracy is under threat from growing authoritarianism and populism, says the reports’ author, Max Schieler.
“The Nordic countries and Switzerland maintained their leading positions, as they best preserved their democratic institutions and governance quality,” he says.
“With a considerable number of countries in advanced economies as well as emerging markets, suffering from growing political polarization, populist movements and even more authoritarian rule, good governance is under pressure.”
“This is problematic at a time when crucial challenges such as climate change, increasing inequality, and latent geopolitical tensions require a consistent, coordinated and decisive policy response.”
In other parts of the world, South Africa remains blighted by poor governance following years of corruption under former president Jacob Zuma. Urgent reforms are needed following the elections in May that have brought immense ESG challenges for new president Cyril Ramaphosa, the report says.
Turkey has seen “encouraging signals emerging despite an authoritarian grip” after municipal elections loosened president Recep Erdogan’s hold on power. Brazil and Qatar have lost some ground on environmental issues, while Argentina is holding steady for now.
This semi-annual report collects and analyzes ESG data from 22 developed and 43 emerging market economies via a structured and comprehensive framework to calculate an overall country score. It particularly aims to find things that are not reflected in sovereign debt ratings.
The resulting league table offers insights into the investment risks and opportunities associated with each country, and provide investors with a better frame of reference for making comparisons among countries and regions from a risk-return perspective.
The Robeco Capital Growth Funds have not been registered under the United States Investment Company Act of 1940, as amended, nor the United States Securities Act of 1933, as amended. None of the shares may be offered or sold, directly or indirectly in the United States or to any US Person.
This website is intended for use only by non-U.S. Persons outside of the United States (within the meaning of Regulation S promulgated under the Securities Act of 1933, as amended (the “Securities Act”)) who are professional investors. By clicking “I Agree” below and accessing the information on this website, including any subdomain thereof, you are certifying and agreeing to the following: (i) you have read, understood and agree to this disclaimer, (ii) you have informed yourself of any applicable legal restrictions and represent that by accessing the information contained on this website, you are not in violation of, and will not be causing Robeco or any of its affiliated entities or issuers to violate, any applicable laws and, as a result, you are legally authorized to access such information, (iii) you understand and acknowledge that certain information presented herein relates to securities that have not been registered under the Securities Act, and may be offered or sold only outside the United States (within the meaning of Regulation S under the Securities Act) and only to, or for the account or benefit of, non-U.S. Persons (within the meaning of Regulation S under the Securities Act), (iv) you are a non-U.S. Person (within the meaning of Regulation S under the Securities Act) located outside of the United States (within the meaning of Regulation S under the Securities Act) and (v) you are a professional non-retail investor.
Access to this website has been limited so that it shall not constitute directed selling efforts (as defined in Regulation S under the Securities Act) in the United States.
Nothing contained herein constitutes an offer to sell securities or solicitation of an offer to purchase any securities in any jurisdiction.
We reserve the right to deny access to any visitor, including, but not limited to, those visitors with IP addresses residing in the United States.This website has been carefully prepared by Robeco Institutional Asset Management B.V. (Robeco). The information contained in this publication is based upon sources of information believed to be reliable. Robeco is not answerable for the accuracy or completeness of the facts, opinions, expectations and results referred to therein. Whilst every care has been taken in the preparation of this website, we do not accept any responsibility for damage of any kind resulting from incorrect or incomplete information. This website is subject to change without notice. The value of the investments may fluctuate. Past performance is no guarantee of future results. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency. For investment professional use only. Not for use with the general public.