With upcoming MiFID II measures set to compel advisers to ask clients about ESG, advisers are readying themselves for a more ESG-focused future, but few advisers have fully integrated ESG into their business, research commissioned by Rathbones has found.
ESG is set to be part of the MiFID II sustainable finance measures set to come into play in early 2021. As a result, all 100 advisers surveyed for the research expected ESG to play a more important role over the next five years, with nearly half (48%) of respondents saying it would play "significantly" more so. Client demand was cited by nearly two-thirds (63%) of respondents as a current or future motivation for including ESG in their investment process, while nearly half (45%) of advisers said they were feeling increased pressure to act because of wider attention given to issues suc...
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