Hortense Bioy, Head of Sustainability Investment Research at Morningstar, won The Instinet Positive Impact Award at Markets Media’s 2025 European Women in Finance Awards. Lucy Carter caught up with Hortense to learn more.

What does it mean to you to have got this award?

This award is a fantastic recognition of the hard work and dedication behind the insights we share with the market. Sustainable investing has faced significant challenges recently, given the geopolitical backdrop, so it’s encouraging that high-quality data-driven research in this space continues to be valued by investors. It reinforces the importance of reliable data and thoughtful analysis in navigating complex times.

How has your career taken shape?

I’d describe my career as an atypical journey. I started in investment banking, moved into financial journalism, and now I am focused on ESG and sustainable investing research. It’s been exciting to explore different perspectives on finance, and who knows where future opportunities will lead me!

What drives me today is the importance of quality, data-driven research—especially in an environment full of noise and, at times, a lack of reliable data. Investors need insights grounded in hard facts to make informed decisions.

I believe data should tell the story, but context is essential to interpret it. That’s something I really enjoy—connecting the dots, explaining why things are the way they are, and making complex concepts accessible. Education plays a big role in this: simplifying complexity and creating messages that resonate and are actionable.

What is your advice to women who want to become more senior in their careers? get involved in this space?

In this space, rigor and curiosity are essential—always ask why things are the way they are.

Step out of your comfort zone. I’ve done that throughout my career and continue to do so. For example, this year alone I’ve had nearly 40 public speaking engagements. Visibility matters, and social media can be a great platform for that too, even if time is limited.

When opportunities arise, seize them—don’t wait for someone to hand them to you. Much of what I’ve achieved has come from self-motivation and entrepreneurial thinking. I focus on showing my value through execution.

Ultimately, success comes from being proactive, staying curious, and demonstrating impact through what you deliver.

What change would you most like to see in the industry?

I’d like to see more long-term thinking in finance, and the corporate world more broadly. Everything moves so fast today, and too many leaders are focused on short-term objectives. Corporate values and statements often last only a few months before being overshadowed by economic or geopolitical events. This short-term mindset is concerning because it undermines trust and stability. We need a stronger commitment to enduring values and strategies that build resilience and confidence for the future.