In March 2018 Franklin Templeton Investments published a report entitled, “Environmental, Social and Governance Factors in Global Macro Investing.”
The introduction reads as follows: “Environmental, social and governance (ESG) factors are being recognized in fixed income investing as value-added indicators of potential economic performance. In this edition of Global Macro Shifts, Templeton Global Macro outlines how it integrates ESG factors into its research process. The team has developed a proprietary ESG scoring system called the Templeton Global Macro ESG Index (TGM-ESGI), to assess current and projected ESG conditions in various countries, and to facilitate macroeconomic country comparisons around the world.”
You may read the report on the Franklin Templeton Investments internet site.