CFA Unveils ESG Certificate

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Stockholm (NordSIP) – On May 14, CFA UK, the local member society of CFA Institute, revealed it is launching a new Certificate in ESG investing at the CFA Institute Annual Conference in London. The initiative is supported by the UN PRI and it will be available from 1 December 2019.

The certificate consists of three modules, covering ESG issues, methods, concepts, impact investing, the history of SRI and ESG limitations, among others. The programme targets investment professionals in all roles, from asset management to sales and distribution, as well as students seeking a career in the investment sector.

“CFA UK’s purpose is to make sure that investment professionals are technically and ethically competent to serve their clients well,” commented Will Goodhart, chief executive of CFA UK on the occasion of the ESG certificate annoucement. “Clients understand that ESG factors are financially material and expect their managers to help them meet their fiduciary duties by integrating ESG into analysis, valuation and investment decision-making,” he added. “The certificate will help professionals to build and demonstrate expertise in ESG investing and investment firms to extend their resources and illustrate their commitment. We are pleased to support the development of the sector’s skills and competencies in this critically important field.”

“We are very pleased to build on our previous collaborations with CFA Institute to support CFA UK with the launch of its new Certificate in ESG Investing,” said PRI CEO Fiona Reynolds. “With more than 6,000 enrolments representing students from more than 60 countries, the PRI Academy is also focused on training professionals on how ESG factors can impact company performance, shareholder value and investment decision making. We welcome CFA UK’s decisive step to engage and educate investment professionals in the UK on responsible investing.”

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The last time that the CFA Institute pronounced itself on the issue of sustainability was when it updated its ESG policy in 2018. According to the report, “the curriculum does not say that charterholders must consider ESG. However, if an ESG issue is material, it should be considered in the investment process. It is up to the individual manager or analyst (or the investment team) to determine what issues are material to their investment processes.” It also added that it did not feel it was necessary for the CFA Institute to “expressly address ESG consideration in its Code of Ethics and Standards of Professional Conduct.”

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