Asset managers across geographies and asset classes are increasingly incorporating environmental, social and governance (“ESG”) considerations at all levels of the investment management business. Increased focus on ESG has been driven by investor demand and the introduction of new regulatory requirements in certain key jurisdictions. ESG considerations now have a more important role to play in the development and implementation of investment strategies, analysis of investment opportunities, ongoing management of investments and interaction with investors, both at the point of investment and as part of ongoing reporting. In this article, which forms part of our ‘Dechert on ESG’ series, we examine how asset managers can respond to evolving best practices by using principles-based standards and ESG reporting and disclosure frameworks established by global non-governmental organizations (“NGOs”) and industry associations.