The subscription-based service’s key feature is its in-app ESG data and rankings, which provides information to retail investors on public companies’ environmental, social and governance practices.
The costs of acting sooner are much lower than those of delaying action, Willis Towers Watson found.
Regulators will press on with their climate agendas, as will anti-ESG politicians.
'This language of ESG is a way to change that conversation and have connectivity through generations,' Kapoor says.
Without standardization, institutional investors have some trouble incorporating the data.
Initially, the program will be available to UK investors, but it could eventually expand to all fund shareholders.
The prospect of providing clients with a custom portfolio that meets their guidelines is something advisers see as adding value to their services.
The firm's president says sustainable investing is a long-term approach: 'We try to invest in the next economy rather than the last economy.'
Some view it as a political issue, but demand is strong, and asset managers appear undeterred.
Products that have high sustainability scores but aren't necessarily labeled as ESG are cheaper, according to a YCharts report.
