开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

卓麟 · 2023年07月08日

ESG tilt

NO.PZ2022120703000055

问题如下:

Which of the following is most accurate regarding ESG issues in fixed income?

选项:

A.The ESG interests of long-term fixed income and equity investors do not often align B.For sovereign issuers, ESG engagement is a more common approach than applying an ESG tilt C.The probability of successful engagement is higher for private debt investors than for public debt investors

解释:

C is correct because "the greatest opportunity to push for conditions and disclosures around ESG is likely to be pre-issuance. This can be difficult to implement in fast-moving public markets, but is easier to effect in private debt issuance."

A is incorrect because "in almost all cases relating to ESG matters at companies that are going concerns, the interests of long-term investors (whether they are exposed to equity or debt) very much align".

B is incorrect because "the ESG approach usually applied in this asset class sovereign debt is screening or an ESG tilt in the investment process rather than engagement."

本题ESG engagement和ESG tilt的区别是什么呢

1 个答案

王岑 · 2023年07月09日

嗨,从没放弃的小努力你好:


ESG engagement指的是投资者与公司或发行人进行积极、有目的性的互动,以推动其在ESG方面的表现和改进。这种互动可以包括对话、提出要求、分享最佳实践、提供建议等。通过ESG engagement,投资者可以通过对公司的影响来实现可持续性目标,促使公司采取更好的环境、社会和治理实践。

ESG tilt指的是在投资决策过程中,根据特定的ESG指标或评级,对投资组合进行调整。这可能涉及将更多的资金投向表现良好的ESG公司或行业,或将资金转移出表现较差的ESG公司或行业。ESG tilt是一种被 passively managed 的投资策略,主要关注在投资组合层面对ESG因素进行调整,而不是直接与发行人进行互动。

对于主权债务发行人,ESG engagement不如应用ESG tilt策略普遍;而对于私人债务投资者来说,成功的ESG engagement的概率更高。这是因为私人债务投资者在债务发行之前更容易通过ESG engagement来推动条件和披露要求,而公共债务市场上,要在快速变动的市场环境中实施ESG engagement可能更为困难。

----------------------------------------------
努力的时光都是限量版,加油!

  • 1

    回答
  • 2

    关注
  • 496

    浏览
相关问题

NO.PZ2022120703000055 问题如下 Whiof the following is most accurate regarng ESG issues in fixeincome? A.The ESG interests of long-term fixeincome anequity investors not often align B.For sovereign issuers, ESG engagement is a more common approathapplying ESG tilt C.The probability of successful engagement is higher for private investors thfor public investors C is correbecause \"the greatest opportunity to push for contions ansclosures arounESG is likely to pre-issuance. This cfficult to implement in fast-moving public markets, but is easier to effein private issuance.\"A is incorrebecause \"in almost all cases relating to ESG matters companies thare going concerns, the interests of long-term investors (whether they are exposeto equity or bt) very mualign\".B is incorrebecause \"the ESG approausually appliein this asset class sovereign is screening or ESG tilt in the investment process rather thengagement.\" B不大理解

2024-06-16 20:26 1 · 回答

NO.PZ2022120703000055问题如下 Whiof the following is most accurate regarng ESG issues in fixeincome? A.The ESG interests of long-term fixeincome anequity investors not often alignB.For sovereign issuers, ESG engagement is a more common approathapplying ESG tiltC.The probability of successful engagement is higher for private investors thfor public investors C is correbecause \"the greatest opportunity to push for contions ansclosures arounESG is likely to pre-issuance. This cfficult to implement in fast-moving public markets, but is easier to effein private issuance.\"A is incorrebecause \"in almost all cases relating to ESG matters companies thare going concerns, the interests of long-term investors (whether they are exposeto equity or bt) very mualign\".B is incorrebecause \"the ESG approausually appliein this asset class sovereign is screening or ESG tilt in the investment process rather thengagement.\" 我记得之前有讲过一个关于owner和equity owner 在公司ESG投资方面难以align的原因,是说investor可能会担忧资产充足率和稳定性的问题,导致不太愿意公司进行ESG方面大额的投资(因为会影响杠杆率或者增加cretability)

2024-05-24 17:07 1 · 回答

NO.PZ2022120703000055问题如下 Whiof the following is most accurate regarng ESG issues in fixeincome? A.The ESG interests of long-term fixeincome anequity investors not often alignB.For sovereign issuers, ESG engagement is a more common approathapplying ESG tiltC.The probability of successful engagement is higher for private investors thfor public investors C is correbecause \"the greatest opportunity to push for contions ansclosures arounESG is likely to pre-issuance. This cfficult to implement in fast-moving public markets, but is easier to effein private issuance.\"A is incorrebecause \"in almost all cases relating to ESG matters companies thare going concerns, the interests of long-term investors (whether they are exposeto equity or bt) very mualign\".B is incorrebecause \"the ESG approausually appliein this asset class sovereign is screening or ESG tilt in the investment process rather thengagement.\" a改成对的 不理解为啥是一致的

2024-04-13 02:33 1 · 回答

NO.PZ2022120703000055问题如下 Whiof the following is most accurate regarng ESG issues in fixeincome? A.The ESG interests of long-term fixeincome anequity investors not often alignB.For sovereign issuers, ESG engagement is a more common approathapplying ESG tiltC.The probability of successful engagement is higher for private investors thfor public investors C is correbecause \"the greatest opportunity to push for contions ansclosures arounESG is likely to pre-issuance. This cfficult to implement in fast-moving public markets, but is easier to effein private issuance.\"A is incorrebecause \"in almost all cases relating to ESG matters companies thare going concerns, the interests of long-term investors (whether they are exposeto equity or bt) very mualign\".B is incorrebecause \"the ESG approausually appliein this asset class sovereign is screening or ESG tilt in the investment process rather thengagement.\" fixeincome中,engagement,不一定是P E 和publi的参与度是不一定的吧?

2024-01-06 22:20 1 · 回答

NO.PZ2022120703000055 问题如下 Whiof the following is most accurate regarng ESG issues in fixeincome? A.The ESG interests of long-term fixeincome anequity investors not often align B.For sovereign issuers, ESG engagement is a more common approathapplying ESG tilt C.The probability of successful engagement is higher for private investors thfor public investors C is correbecause \"the greatest opportunity to push for contions ansclosures arounESG is likely to pre-issuance. This cfficult to implement in fast-moving public markets, but is easier to effein private issuance.\"A is incorrebecause \"in almost all cases relating to ESG matters companies thare going concerns, the interests of long-term investors (whether they are exposeto equity or bt) very mualign\".B is incorrebecause \"the ESG approausually appliein this asset class sovereign is screening or ESG tilt in the investment process rather thengagement.\" 以下是关于固定收益中ESG问题的准确性方面的A长期固定收益和股权投资者的ESG利益通常不会保持一致B对于主权发行者,ESG参与比采用ESG倾向更常见C私人债务投资者相对于公共债务投资者而言,成功参与的可能性更高正确答案是BB是最准确的。对于主权发行者(即政府或国家),通常更常见的是进行ESG参与,而不是采取ESG倾向。这意味着投资者更倾向于与主权债务发行者进行对话、合作和推动可持续性实践,而不是仅仅选择那些符合其ESG标准的债券。A表示长期固定收益和股权投资者的ESG利益通常不一致,这不一定是正确的,因为有时候这些投资者的ESG利益可以保持一致。C声称私人债务投资者相对于公共债务投资者更容易成功地进行ESG参与,这也不一定准确,因为成功的ESG参与取决于多个因素,包括投资者的能力和目标,而不仅仅是债务类型。

2023-10-30 16:51 2 · 回答