JPMorgan said that Covid-19 could spark a greater uptick in ESG investing.
The coronavirus pandemic could lead to a greater adoption of ESG investing, JPMorgan said Wednesday.
The coronavirus pandemic and the destruction left in its wake could lead to a greater adoption of socially responsible investing, according to JPMorgan., the firm said that Covid-19 could prove to be a "major turning point for ESG," which is when investors consider a company's environmental, social and governance factors alongside traditional metrics like balance sheet strength and earnings growth potential.
"We believe that pandemics and environmental risks are viewed as similar in terms of impact, representing an important wake-up call for decision makers," said Hecker and Dubourg. "The impacts of the COVID-19 crisis on the real economy and the financial system highlight the limits of most forecasting models, which do not deal well with non-linear, complex systemic risks."
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