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Your first thought is unlikely to be ESG — the ungainly term used by bankers to describe well-behaved companies. Yet that’s what fills his days now.
Since leaving politics in 2019, Umunna has turned to the City of London to reinvent himself as a specialist in ESG (short for environmental, social and governance). After a brief stint at advisory firm Edelman, the 43-year-old joined JPMorgan in February to head up the bank’s ESG practice in Europe, the Middle East and Africa.
Umunna, who was MP for Streatham from 2010 to 2019, now spends most of his days advising big companies on how to make sure they are green, well-governed, and treating people well. He’s also charged with making sure JPMorgan is practising what it preaches.
It’s a big job: ESG was already hot but COP26 has supercharged interest in ethical and sustainable business.
“There has been nothing short of a revolution,” Umunna says when we meet on the 31st floor of JPMorgan’s Canary Wharf headquarters.
This story is from the November 12, 2021 edition of Evening Standard.
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This story is from the November 12, 2021 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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