The Chartered Financial Analyst Society UK will offer a qualification for investing with “environment, social and governance” issues in mind.
The certificate in ESG investing will be the first qualification of its kind in the UK market, and is recognised by the United Nations-supported Principles for Responsible Investment.
The society says the qualification is modeled on its existing Investment Management Certificate, which is a widely recognized entry-level exam for investment professionals.
The ESG qualification is aimed at investment professionals in all roles, from asset management to sales and distribution, as well as students seeking a career in the investment sector, according to CFA. The graduates will be qualified with skills of integrating ESG issues into their day-to-day work.
A pilot exam with professionals from firms including HSBC and Vanguard is scheduled to take place in early September, when the registration will open.
CFA UK chief executive Will Goodhart says: “CFA UK’s purpose is to make sure that investment professionals are technically and ethically competent to serve their clients well.
“Clients understand 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.
“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.”
PRI chief executive Fiona Reynolds says: “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.
“With more than 6,000 enrollments 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.”
The first official open sitting of the exam will be available from 1 December, 2019.