CFA UK has launched a new qualification in ESG investing, which will be available for investment professionals later this year.
The ‘Certificate in ESG Investing’ is recognised and supported by the Principles for Responsible Investment (PRI), an international network of investors working together to put principles of responsible investment into practice.
CFA UK said that it will be the first formal qualification on ESG investing in the UK.
“Its introduction follows a surge of interest in ESG from investors in recent years and will help to meet the investment sector’s increasing demand for further education, guidance and standards around ESG,” CFA UK said in a statement.
The course is designed to equip investment professionals with the skills and knowledge to integrate ESG issues into their regular work.
Investment professionals in all roles, from asset management to sales and distribution, and students seeking a career in the investment sector can enrol for the course.
The course’s syllabus will cover wide array of issues such as the development of ESG investing and narrower, technical issues such as portfolio construction.
CFA UK CEO Will Goodhart said: “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.
“The certificate will help professionals to build and demonstrate expertise in ESG investing and investment firms to extend their resources and illustrate their commitment.”
PRI CEO Fiona Reynolds said: “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.
“We welcome CFA UK’s decisive step to engage and educate investment professionals in the UK on responsible investing.”
Registration for the course will open in early September, when a pilot exam with professionals from firms including HSBC and Vanguard is scheduled to take place.
The first official open sitting of the exam will be available from 1 December 2019.