A survey of over 800 UK-based investors, all of whom have investments worth over Â£ 10,000, excluding property, savings and pensions, found that less than half (45%) consider the sustainable investment as a priority in their portfolio management.
The study found that a significantly higher proportion – 60% – of young investors (aged 18-34) said sustainable investing is important to them, compared to just 30% of those over 55.
When asked about their investment strategies for the coming year, 52% of young investors said they plan to invest in more sustainable assets under management, compared to just 12% of those over 55.
Giles Coghlan, chief currency analyst at trading broker HYCM, said: âIf recent discussions at COP26 and the government’s efforts to tackle climate change have clearly shown anything, it is that we are in the middle. of a climate crisis.
“However, our research shows investors are in no rush to jump on ESG [environmental, social and governance] bandwagon, potentially due to concerns about greenwashing or the performance of sustainable investments.
âAt the moment, investors remain largely skeptical of ESG, and at least in the short term all bets are high that we will see immediate investor activity after the summit.
âBut that said, it’s important not to make sweeping statements about the ESG landscape,â he added.