Background: The current UK funding mechanism for critical private sector ESG initiatives is clearly unsustainable. Current ESG objectives are at great risk unless one of the following occurs:
a) governments take financial responsibility for the entire climate transition,
b) market volatility across asset classes somehow disappears for the next 30 years, or
c) UK asset managers become not for profit social enterprises.
Governments and regulators are aware of this risk and are creating regulatory frameworks that may provide a solution – as long as asset managers and asset owners work together in a transparent fashion - quickly. In this session we’ll explore the possible range of outcomes and suggest a way forward.
Neil Scarth is a Principal of Frost Consulting, which works with asset managers and asset owners on a variety of research issues including research valuation/budgeting software platforms (FrostRB), strategy-level research spending database/benchmarks (FrostDB), and investment process ESG ratings. He has held a wide range of roles in asset management and investment banking in both Europe and North America, ranging from running equities businesses at global banks to launching and managing all aspects of varying asset management products. He has also published on related topics with CFA Institute, Stanford University, and the University of Edinburgh.
Tuesday, 13 February 2024
11:00 - 11:45 GMT
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