Huddlestock
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Sustainable Investing
Climate Goals & Targets
Environmental Challenges
- Slow adoption of digital capabilities in investment management compared to banking and insurance sectors.
- Reliance on legacy systems and processes.
- Changing customer behavior, especially in wealth management.
- Competition from discount brokers.
- Burden of regulation.
- Budget restrictions.
- Legacy infrastructure.
- Siloed data.
- Lack of connectivity.
- Cultural inhibitions.
Mitigation Strategies
- Adoption of cloud services and SaaS solutions.
- Use of cloud-based platforms and SaaS for quantitative data tools to analyze sustainability performance and detect greenwashing.
- Outsourcing of investment wealth platform (Quilter example).
- Migration of legacy applications to cloud-based alternatives.
- Hybrid cloud approach.
- Focus on security in cloud-based solutions.
- Initiatives by the Investment Association (IA) to help members embrace new technology.