Conclusion

Due to their close alignment in terms of objectives, methodologies and the role they play in institutional portfolios, investment grade fixed income and ESG are considered to be a perfect match.

As institutions rebalance their portfolios in 2021 and beyond, they should consider using allocations to investment grade fixed income as an opportunity to introduce or expand the role of ESG in their portfolios.
More broadly, institutions should consider investment grade fixed income as a foundational asset class for the integration of ESG into their investment processes and portfolios.

DISCLAIMER:
This report is intended to provide general education and insight into ESG analysis and fixed income investing. It contains data and results reported to Greenwich Associates by research participants and the opinions and views of Breckinridge Capital Advisors, Inc. Breckinridge is not affiliated with Greenwich Associates, or any of their affiliates.

Breckinridge commissioned Greenwich Associates to conduct this survey. Greenwich Associates gathered, reviewed and analyzed the data received to produce the
final results presented in this report. Breckinridge participated in the design and development of the questionnaire and respondent selection criteria. Information contained in this report is subject to change and may be superseded by subsequent market events or other reasons. Breckinridge does not represent that any of the information is timely or complete, and it should not be relied upon as such.

Nothing contained this report should be considered an offer of any product or strategy, financial advice or a guide to the selection of securities or the construction of a portfolio. There is no guarantee that integrating ESG analysis in fixed income investing will provide improved risk-adjusted returns over any specific time period. All investments involve risk, including the loss of principal.
REV: 247439 FEBRUARY 2021.