JHC chief executive John Blackman has said he expects ESG-related questions to be a mandatory part of client suitability reviews by early 2021.
Speaking at the PAM Annual Operations Dinner, Mr Blackman laid out some of the challenges facing wealth managers in terms of data provision and reporting as ESG factors become a key consideration for clients.
“In the same way that we assess clients for their attitudes to risk and then monitor the risk within their portfolios, we will need to assess where they stand on ESG and then reflect their preferences in the asset allocation,” Mr Blackman said.
“Done well, t...