A new global analysis by Ortec Finance shows that clients are increasingly focused on the ESG credentials of their investment portfolios. However, many wealth managers and financial advisors lack the tools and systems needed to effectively track and manage ESG and climate risks, and the industry must invest heavily to improve.
Around 90% of respondents in the study—comprising wealth managers and financial advisors whose firms collectively manage approximately £1.207 trillion—said they are seeing more clients focused on the ESG credentials of their portfolios, with 12% reporting a drastic increase.
This trend is expected to intensify, with 85% agreeing that client focus on ESG factors in their portfolios will increase over the next 24 months. Only 14% believe this focus will remain the same during that period.
93% of respondents say they are seeing more clients looking to avoid…
