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Scott Gallacher, chartered financial planner at Rowley and Turton, said Wren Sterling was clearly addressing an increasing investor concern and one that he had seen himself among his own clients.
He added: “Naturally, good advisers will have to have appropriate solutions to advise those concerned clients.
“Unfortunately with the rise in popularity of ESG investment there will be the risk of ‘greenwashing’ — companies or funds that pay lip service to ESG concerns, but with little real substance — and we’re still some way off having an agreed set of standards or ratings for ESG criteria.”
imogen.tew@ft.com
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