How to become an ESG expert
PA Consulting’s Mark Lancelott, sustainability expert, is quoted in an article about professionals in the asset management industry gaining valuable environmental, sustainable and corporate governance (ESG) skills.
The article explains that the demand for people with specialist ESG skills has never been greater and acquiring these skills could help salaries and employability of investment professionals. Mark explains that companies need to do more in this area to support their staff or they risk losing them.
Mark goes on to explain that firms must recognise the pressures of the role and that their people are in demand and that managers must scale up teams and develop their skills.
He says: “Many ESG practitioners are navigating real complexities around what ESG factors mean across sectors and geographies”.
Mark goes on to say: “The focus on taking a view on the whole supply chain, consumption and end-of-life impact requires a very broad range of skills and expertise.”
Mark explains that equally, the need to understand and analyse the range of new types of ESG data and insight is putting additional pressure on people.
The role of ESG practitioners is changing, and requires new specialist roles and skills: “New specialisms include a focus on particular ESG topics such as climate change or plastics, as well as roles around functional disciplines such as data acquisition and analysis,” says Mark.
He concludes: “There are also new requirements for experts in risk assessment, financial and non-financial reporting, product design, and investment portfolio management.”