ESG policy is now considered an integral part of doing good business and with increased attention on the issue from investors the need for expertise in the space is paramount.
ESG hiring across banks and asset managers has rapidly increased in the last, all the way from junior analyst to executive and Board-level. Some of the larger banks are hiring entire teams, in order to help launch ESG products and also integrate ESG across entire businesses.
Several asset managers have been quoted in the article below as having poured over 50% of their fund flows into ESG funds in the first few months of this year. This, along with an increased pace in hiring, shows a real commitment by the financial services firm to make ESG a priority by giving it the investment the strategy needs.