Advisers lacking effective systems and tools to review ESG risk

Despite the client focus on the ESG elements of their portfolio, the research found only 1% of those surveyed have ‘very effective' systems and tools to review the ESG or climate risk of clients' funds, stocks or portfolios. A further 71% said their tools and systems are ‘quite effective' and 27% only rate their tools and systems to review and monitor ESG and climate risk for clients as ‘average'. Meanwhile, 94% agree that the wealth and portfolio management industry needs to invest heavily in new technology and systems to help improve their understanding of the ESG and climate risk f...