A Shortage of ESG Skills Is Hurting Canada's Financial Firms [Business News Network (BNN) (Canada)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Business News Network
Environmental, social and governance factors are becoming central to investing and lending activities, but two-thirds of firms are impacted by the dearth of relevant skills, according to a Deloitte survey that was commissioned by Toronto Finance International and the Financial Centers for Sustainability. “I think it could potentially be a very negative impact if we don't focus on it today,” TFI Chief Executive Officer Jennifer Reynolds said in an interview. The study is another signal that talent shortages are hitting parts of the financial industry. Last week, the CEO of Royal Bank of Canada said banks are struggling to hire enough engineers, data scientists and artificial intelligence specialists because of competition from other sectors. U.S. banks from JPMorgan Chase & Co. to Citigroup Inc. have indicated in recent days they're paying more -- sometimes a lot more -- to hire and retain the people they need. Skills in demand include ESG risk management, qualitative and quanti
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