“Some advisors appear to be overestimating their knowledge. Advisors’ demonstrable knowledge was similar regardless of their self-assessed knowledge levels. Of those advisors who said their RI knowledge was excellent or very good, one-fifth did not correctly identify 3 true statements out of 10 statements about RI.”

[COMMENTARY]The good news is that most Canadian advisors are fine engaging clients on ESG considerations concerning their portfolios. However, since many, many, advisors lack ESG product knowledge, their ability to suitably advise clients on ESG investments rings hollow.
Study Shows Canadian Financial Advisors are Comfortable Engaging With Clients on ESG, but Subject Matter Knowledge Is Limited, press release, January 19, 2022, Responsible Investment Association, Canada.