While not a new concept, materiality is essential to efficiently integrating ESG factors into the investment process; it all boils down to being able to determine which ESG factors are likely to be linked to stronger investment performance by identifying risks that are related to certain industries.
The committee's initial focus will be on the corporate bond and municipal securities markets.
A recent survey found that across generations, investors are almost equally concerned that their returns won’t secure adequate retirement savings.
Research found 41% of Millennials are avoiding the stock market and are instead using savings accounts to save for retirement.
In 1997, the asset class with the greatest amount of participant assets was company stock, an Alight Solutions analysis finds.