Eight extra adviser companies have joined the AdviserAction group, a campaigning membership organisation launched final yr to assist the adviser sector interact higher with listed firms on sustainability points.
The brand new companies becoming a member of up embody: Moral Futures, Foster Denovo, Henson Crisp, Holden & Companions, Kingsfleet Wealth, Prydis Wealth Scotland, TAM Asset Administration and Unburdened Options.
The group, facilitated by CCLA Funding Administration, has thus far signed up 16 member companies which collectively have £8 billion in belongings underneath recommendation.
Different recommendation companies are additionally being invited to affix.
Founding members embody Castlefield, Clear Monetary Recommendation, ESG Accord (Accord Initiative), Fintel PLC, Kellands Chartered Monetary Planners, Lyndhurst Monetary Administration, Paradigm Norton and SRI Providers.
AdviserAction was launched in late 2023 to offer extra assist to the advisory sector when participating with listed firms on sustainability points.
AdviserAction says that advisers play a key position in sustainable finance however have struggled to take part in stewardship as a result of construction of the trade.
The organisation was set as much as coincide with the FCA’s publication of sustainable fund labels and anti-greenwashing guidelines, in addition to the introduction of the Client Responsibility.
Clémence Chatelin, ESG integration supervisor at CCLA, mentioned: “Engagement is among the most essential methods our trade can drive progress at investee firms, so it’s massively encouraging to see extra advisers be part of forces to sort out systemic sustainability points.
“It’s clear that advisers need to be concerned in sustainability and we’re excited to pool this rising group’s sources, experience and enthusiasm to tackle efficient, system-wide engagement on the problems that matter most to shoppers.”
CCLA is an funding supervisor with a track-record of campaigning on local weather change, fashionable slavery and psychological well being. It was based in 1958 and is owned by its shoppers in church buildings, charities and by native authorities and employees. It has £14.5bn of belongings underneath administration as at 31 March 2024.
AdviserAction will be contacted at: This e mail deal with is being protected against spambots. You want JavaScript enabled to view it.
