Lack of ESG training and compliance among advice firms

Only four in ten include ESG as part of their training and compliance regime

Isabel Baxter
clock • 1 min read

Only four in ten advice firms include ESG, sustainable and values-based investment knowledge as part of their training and compliance regime, the Personal Finance Society (PFS) has found.

Its Sustainable Finance: Knowledge Gap report gathered 436 responses from PFS members and found that 39% of firms gave advisers the freedom to choose if they have ESG in their continuing professional development, 12% had no guidance and 4% did not know their firm's approach. Additionally, only a quarter of respondents said that their firm had a formal process in place to monitor ESG, sustainable and values-based investments in all cases. The report also revealed that five in ten respondents reported that their firms actively checked for greenwashing and four in ten practitioners had c...

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