However, in my conversations with Canadian firms I have picked up on another possible investment impediment – hurdle rates for new investments do not seem to have adjusted to the new reality. The hurdle rate is the lowest acceptable rate of return that a company chooses for an investment to proceed.
And we expect this number to grow in the near future. Four more fiscal clients are currently discussing introducing ESG considerations in their investment strategy, while additional two are already planning to do so. So 10 out of 16 of our fiscal clients are investing sustainable or are on their way to do so.