When it comes to ESG issues, Canada’s financial industry needs a skills upgrade

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Achieving the lofty goals that have been set depends on making sure there are enough professionals to deal with all of the machinery that goes into achieving them

There’s no shortage of discussion about the nuts and bolts of environmental, social and governance issues. Governments, regulators and investors are demanding more disclosure, more analysis and more management of business risks related to sustainability.

Banks, insurers and asset managers have all signed onto global efforts to tally up financed emissions and integrate environmental aspects into all investments and lending, efforts that intensified with the COP26 summit in Glasgow, Scotland, last year.“Everyone feels that we’re at this tipping point with regards to climate and we’ve got to start acting quickly.

It’s important to remember that ESG knowledge is not the purview of just one profession. It has become part and parcel of management, science and engineering, the law, accounting, marketing and communications. The results of the survey show the need for better co-ordination between financial institutions, industry associations and postsecondary education, Ms. Reynolds says.

Professionals from such programs are required to engage in highly technical tasks such as climate scenario analysis, which

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globebusiness The economic implications of rising oil prices for our western energy sector and our 🇨🇦economy are a big story. So, wouldn't oilpatch staffing challenges due to surging rig counts be more newsworthy than ESG talent gaps?

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