While ESG has risen rapidly up the agenda of boards on both sides of the trustee-sponsor relationship, it is clear that the rate of change, while necessary, has made it very challenging to keep pace. The pressure to make the changes required by society, and increasingly by regulation, as quickly as possible has both eroded the confidence of decisionmakers that they are fully on top of the issues and simultaneously placed an increased reliance on the support of advisers.

We have undertaken this research report to try to understand the full extent of this lack of confidence, identify the barriers that still need to be overcome and consider some practical solutions to improve things. Our goal, clearly, is for the industry as a whole to be better equipped to meet the challenge of ESG and, more specifically, TCFD compliance. 

We hope that you find our findings interesting and thought-provoking and that they might prove something of a catalyst for further discussion.

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