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Webinar: Assessing client sustainability preferences

Presentation of the mystery shopping campaign results assessing financial advisor's compliance with new regulatory requirements, MiFID II by David Cooke.

Client preferences for sustainable investment are increasing and financial advisors take account of these client preferences is a key means to help reorient finance towards a sustainable economy.

Our 2022 mystery shopping campaign (253 visits across six EU countries) was designed to assess advisor behaviour in the context of new regulatory requirements under MiFID II to assess sustainability preferences which came into force in August 2022.

The results reveal an alarmingly low level of regulatory compliance and that harmonization of market practices has not yet been achieved. In only 48% of appointments did the advisor bring up the subject of sustainability preferences without any prompting by the client.

Let’s dive into the report and key findings with this webinar.

 

About our funders: This project is part of the Retail Investing Research Program at 2DII and has received funding from EIT Climate-KIC. The project is co-funded by the European Climate Initiative (EUKI) from a project together with WWF Greece and the Czech Consumer Organization. EUKI is a project financing instrument by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU). The EUKI competition for project ideas is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. It is the overarching goal of the EUKI to foster climate cooperation within the European Union (EU) in order to mitigate greenhouse gas emissions.

 

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Client preferences for sustainable investment are increasing and financial advisors take account of these client preferences is a key means to help reorient finance towards a sustainable economy.

Our 2022 mystery shopping campaign (253 visits across six EU countries) was designed to assess advisor behaviour in the context of new regulatory requirements under MiFID II to assess sustainability preferences which came into force in August 2022.

The results reveal an alarmingly low level of regulatory compliance and that harmonization of market practices has not yet been achieved. In only 48% of appointments did the advisor bring up the subject of sustainability preferences without any prompting by the client.

Let’s dive into the report and key findings with this webinar.

 

About our funders: This project is part of the Retail Investing Research Program at 2DII and has received funding from EIT Climate-KIC. The project is co-funded by the European Climate Initiative (EUKI) from a project together with WWF Greece and the Czech Consumer Organization. EUKI is a project financing instrument by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU). The EUKI competition for project ideas is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. It is the overarching goal of the EUKI to foster climate cooperation within the European Union (EU) in order to mitigate greenhouse gas emissions.

 

2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.

Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.