Well, we want to be an ESG leader, there’s little question about it. And our heads are down, we’re investing, we’re really working very, very hard at it, and our focus has been on embedding ESG, also spending time on thought leadership to ensure that we can get the message out about the importance of ESG globally.
And the other point that I’ll make just generally, I’ve been in the industry now a long time. The rise of ESG within asset management is a change of a magnitude that I have never seen in my career. It is changing how people are thinking about investing, it’s a healthy development, and it’s one that you really need to have the resources, have the commitment, and ensure that you can be as thoughtful in the ESG process through all elements of your business if you want to be successful going forward.
It’s being demanded by clients, and it’s something that we are responding to in a very real and important way.