Roadmap to ESG - Part three

It's the third in our Roadmap to ESG series, compiled with the help of consultancy firm NextWealth, to help financial advisers prepare and implement a robust ESG approach. In this part, we focus on something businesses tend to struggle with - formulating a strategy.

From the discussions we've had with financial advice professionals for this series, it's clear that most have found agreeing an ESG strategy extremely difficult and that it takes a very long time. Some have been working towards formulating a strategy for 18 months to two years and have still to commit the strategy to paper.

Why? Many blame the highly complex nature of ESG investing and the lack of robust data to inform decisions. The issue seems to be that many firms are looking at the subject matter and getting bogged down.

What can help is being clear about what a strategy is and what it isn't.

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IRESS Limited published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 08:29:11 UTC.