So, you’re going to have to train them!
25 years ago, there were about 25 SRI/ESG analysts in the world. Indeed, I only got my first job in the industry because one of the six people in the UK with the job got married and moved to Bermuda leaving a vacancy.
Today, every asset manager or investment research firm in the world claims to have 25 people with ESG/SRI capabilities … and every asset manager wants to hire more with “10 years’ experience in ESG, please”.
Unfortunately, there simply isn’t enough experience to go round. So, if asset managers or research providers want this talent (and they do), they need to train it themselves or submit themselves to a never-ending circuit of wage-inflation.
Fortunately, SITA training – supported by the Gordon and Betty Moore Foundation has seen this problem coming for a while and has recently launched a pair of training courses to teach financial analysts about sustainability and to teach sustainability analysts about valuation:
- Financial analysis, modelling & valuation – A practical foundation for SRI/ESG professionals
- Equips sustainable investment / ESG analysts to understand fundamental investment analysis and enable them to engage with and influence the ‘mainstream’ investment debate
- Sustainable investment integration – Core skills for investment professionals
- Equips ‘mainstream’ financial analysts to apply sustainability factors to their valuation and investment processes
These are not ‘introduction to ESG’ courses or ‘taxonomy courses’ or bla bla bla. They are fundamental learn how to integrate sustainability factors into valuation from bottom-up courses.