Almost 18 months on, with multiple levels of Duolingo and video tuition under my belt, I headed to Villefranche-sur-Mer in September for an immersion course.
It was a beautiful place and a very intensive method of learning. Did I emerge from it fluent in French? No, not at all, but I made good progress – although my grasp of the subjunctive still gets a bit slippery after deux verres de vin rouge.
My big takeaway was that there are no shortcuts to learning a new language. Instead, it is about accepting what you don’t know, making the most of the resources at your disposal to fill the gaps, speaking to experts and practising, practising, practising.
The government wants to be a leader in disclosure on climate and sustainability
Many financial advisers working today have had to get used to several new languages over the course of their careers.
Ten years ago, they could simply tell a performance story: 'This Asia equity fund has a better track record than that one.'
Then they had to learn the language of diversification and risk-based investing. Over time, they became fluent. Today, the pressure is on to learn to speak sustainability – and advisers are having to have quite complicated conversations when they are still getting to grips with the basics.
In this column last month I wrote that more guidance was on the way and in the meantime advisers would need to do their best with what they had. Such is the pace of change that a significant piece of this guidance has now arrived.
The Treasury has published a new paper, Greening Finance: A Roadmap to Sustainable Investing. This is not yet the regulation we know is coming, but it does provide a clear indication of what that regulation will look like, and how it will be implemented.
The government wants to be a leader in disclosure on climate and sustainability. Its forthcoming Sustainability Disclosure Requirements will build on the commitment to adopt the Task Force on Climate-related Financial Disclosures' climate disclosures, and will require three tiers of disclosure: for corporates, for asset managers and owners, and for investment products.
Central to the roadmap is information. The chancellor wants investors to be equipped to understand "the full range of environmental risks they face and create".
That information should be "a key component of every investment decision", and climate and environmental considerations should be "central to every investor’s risk and return calculations".
