Global fiduciary services provider JTC has launched virtual chief sustainability officer (vCSO), a new service designed to help clients achieve their environmental, social and governance (ESG) ambitions.
The vCSO aims to help fund managers, corporates, UHNWIs and family offices to improve and abide by ESG regulatory requirements.
vSCO also allows clients to access the benefits of a professional chief sustainability officer and associated team on a flexible, outsourced basis, reducing the overheads.
The approach provides clients with the technical knowledge and support that they need to understand, define, and implement their own ESG strategy, policies, and reporting.
The vSCO service is comprised of three components: ESG strategy; ESG training; and carbon support, delivered in a partnership with carbon assurance service, Carbon Footprint.
Victoria Gillespie, head of ESG services at JTC, said: “Organisations of all types and sizes know that ESG is crucial to their success and a sustainable future, but navigating the alphabet soup of standards and regulations is an immense task.
“JTC approaches ESG through the lens of its deep expertise in fund, corporate and private client services and then overlays the latest ESG knowledge on top. We start from the position of understanding a client’s core business and then through the vCSO service help them to create a bespoke ESG programme that is tailored to their specific needs.”
Nigel Le Quesne, chief executive at JTC, added: “As a FTSE 250 company we understand both the challenges and opportunities that ESG brings and how important it is to get it right.
“Our vCSO service can help to eliminate the pain and complexity that many organisations experience and instead allow clients to focus on their core capabilities and long-term objectives, while building the right ESG elements into their strategy. Our focus will be on the fund, corporate and private client markets, where we have a 34 year track record of delivering client service excellence.”
JTC increased revenues by 28.2 percent to £147.5 million in 2021. The revenue increase was due to both net organic growth of 9.6 percent and inorganic growth of 18.6 percent.
JTC also made seven acquisitions in 2021, the most it has in a single year to date.
